SLW has a lucrative steaming deal with Barrack on this project. In addition, Randy Smallwood has $100 mil squirreled away for new deals. Recent hard times for PC miners is good news for SLW being able to negotiate profitable deals. Central bankers worldwide have the fiat presses running around the clock. SLW will be a huge winner over the next couple years.
You sound worried that someone will start to question the efficacy of our Fed adding 85 billion of our own bonds to its balance sheet every month. We thought it was a scam to be selling our debt to the Chinese to finance our spending addiction. Now that Beijing has apparently telegraphed the treasury that its appetite for our fare has waned, I guess it is getting such that we are the only ones who can swallow our slop. Who said perpetual motion doesn't exist? We write checks with one hand and cash them with the other. You may have a point about just sitting on a huge stash of the shiny metal.