Minera IRL Forum

Oh yes, and Ollachea is open in all directions. Some think there could be 5 million oz there!!!

You have to be a contrarian to succeed in this market, but a lot of money can be made. Buy low, sell high!

They will produce 930,000 oz over the first 9 years - that's over $1,100,000,000 at current POG. Sustaining costs are only $646 per oz.

Look at the chart - MIRL was over 90p in 2011. It will be in much better shape now as soon as financing goes through.

I meant "known" for being very honest.

That's Brad's (the CFO) influence. He always insists on saying worst case scenario. I talked to him a few weeks ago and he said that although he can't discuss the progress, he's confident the financing will come together. Brad won't say that if it's not true. Courtney also said he's confident. He's knows for being very honest.

The only way to succeed in gold stocks is to buy low and sell high. We've got a lot of gold at Ollachea for a price that we'll never see again.

No that's all he said. He used the word "advanced" when talking about financing negotiations.

All astute observations Barrie. Was a target date given for any forth coming news beside the 'few weeks' comment?

The link is to Integra Gold (ICG on the TSX), another of my favorites. I think the same thing happened to Minera IRL as happened to them. Onward and upward though! Buy low, sell high!