hier zb eine antwort ;-)
Thank you for your message.
I can appreciate your concern about the precipitous drop in Coronet's share price of late.
What I can tell you is that I don't believe it is a reflection of what is presently occurring in our business.
Despite these challenging financial markets, we continue to work to develop our "Yanamina" advanced-stage gold project in north Peru.
We are actively working with the local communities in the vicinity of our Yanamina gold project to secure social support for the development of the mine. We have been making progress and I intend that we will – within the next several days – issue a press release providing an update.
As you may be aware, the prospective economics at Yanamina are very appealing with an estimated cash cost of production of under $300/oz of gold (the present price of bullion remains strong at approximately $1600/oz).
The company retains a strong treasury with approximately $5mln in cash on hand. We have also been searching actively for a second gold project to apply our expertise and resources. We have submitted bids on a select number of projects with existing gold resources and in some cases, existing mine operations. Although we have not yet secured the second project, we remain confident we soon will.
Our desire and priority is to secure a 'cash flow' project to ensure that Coronet has the necessary cash flows to cover our overhead costs.
Again, I wish to assure you that I share your concern for the drop in the share price, and would hope that we can be successful in turning momentum around in the weeks to come.
Thank you for contacting me and please feel free to continue to stay in touch.
Yours truly,
Joel Dumaresq
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