Major Emerging Gold Producer in Central B.C.
LOM average 217,000oz/yr Au , 88 million lbs/yr Cu for 15 years on Flagship property (CAPEX payback 2.9 yrs. at $900/oz Au,$2.50Cu)
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Message: Mt Miligan

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Mt Miligan

posted on May 19, 09 08:43PM

Alright so TRX has a large mine to be built, now delayed until Q2 2010 due to a modified agreement and bad economy. How will the company fund $900M in capital cost to build the mine? Goldcorp has fronted $40M, is that all they are willing to fund?
How will TRX get the other 860M in roughly 9 months time, or will we face another delay due to financing?



Any ideas?

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