Originally Posted by
fabs
{ POSTED ON THIS FORUM ON THE 22/11TH BY ME, A TOTAL LAY PERSON.
WHAT TOOK ALL THE EXPERTS THAT LONG, INCL. NZO? CAN THE EXECUTIVES OF THIS CO. SERIOUSLY LOOK THEMSELVES IN THE MIRROR EVERY PAY DAY WITH A CLEAR CONSCIENCE? }
First thing NZO board, turn of money supply to PRC as a 30% S/H nzo is not responsible to bring mine to prod. now that the co. is bankrupt there is no way they get any of it back.
Cost to restart the mine to production level, probably 150 to 200 mil. Think of all the possible and likely scenarios
TIMELINE:
To restart
Short, 9 -18 mts.
Medium, 2-5yrs.
Long, 5- never.
PRC IS NOT DEAD IN THE WATER , IT IS SUNK.
Time for NZO the cut loss and concentrate fulltime on it,s core activity.
The gamble has not payed off
Irregardless the outcome of the present Tragedy!