The ability to manipulate such a large float is candy for players.
Buy shares, calls, and sell puts at this level IMO. Bolivia actually seems like more of a certainty than Alaska - but Alaska will come through (perhaps at a slightly higher operational cost). Does the below look like anything is being held up? I can tell you as my wife is Bolivian, SB, is going to be a "go" jobs are a very important political tool:
Update on San Bartolome Silver Project
Construction proceeds on schedule and on budget at San Bartolome. Capital expenditures totaled $11.3 million for the first quarter of 2007. Commercial production is expected to commence in January 2008, with approximately 9 million ounces forecast to be produced that year. Construction highlights are summarized below, as of April 2007:
* 23 contractors on site and total employment of approximately 615 workers, most of whom are Bolivian * More than 340,000 man-hours without a lost-time accident * Concrete batch plant is operating * Have begun pouring concrete foundations for the leach tank area and the crusher * 93% complete with engineering procurement * Nearing completion of site preparation for processing plant
Update on Kensington Gold Project
At Kensington, capital expenditures totaled $24.9 million for the first quarter of 2007. Recent work has focused on completion of the surface processing facilities and underground tunnels. The company expects to complete the construction of all surface facilities -- with the exception of the tailings facility, which is the subject of legal action - by September of 2007. The company expects to complete the main underground tunnel in July of this year. In addition, the company continues to progress with the required mine development work that is expected to enable the mine to begin ore extraction. This work includes ramps and horizontal tunnels that provide lateral access to the ore bodies.