The road ahead? Seems we're at a point where MXSG
Post# of 2057
(Total Views: 278)
Posted On: 08/11/2018 1:24:35 AM
The road ahead? Seems we're at a point where MXSG has to find a partner or mothball all sites. The burn rate is such that this can't continue unless there's funding we don't know about - that may be the case.
From the figures submitted it costs several hundred thou a quarter to keep the lights on between Walnut Grove home office activities and two active sites in Sonora, Ures and Santa Elena - each currently with only minimal activity. San Felix is in limbo - perennially a site that CEO doesn't want to talk about.
Any vibes BB? I have none. My understanding is that there's no drilling underway at S.E. to further the Lemas plan for documenting a bankable resource and no further VAT leaching at Ures. If there is activity it's at caretaker level.
Very much want and need this to succeed but also very concerned as to the future.
Do you want some company here? I can quietly steer some traffic over. Both other forums have become pretty inhospitable places not conducive to sane discussion.
rjw/mic
From the figures submitted it costs several hundred thou a quarter to keep the lights on between Walnut Grove home office activities and two active sites in Sonora, Ures and Santa Elena - each currently with only minimal activity. San Felix is in limbo - perennially a site that CEO doesn't want to talk about.
Any vibes BB? I have none. My understanding is that there's no drilling underway at S.E. to further the Lemas plan for documenting a bankable resource and no further VAT leaching at Ures. If there is activity it's at caretaker level.
Very much want and need this to succeed but also very concerned as to the future.
Do you want some company here? I can quietly steer some traffic over. Both other forums have become pretty inhospitable places not conducive to sane discussion.
rjw/mic
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