Listen: Mike, Six Hundred Fifty Dollars, Nine Hundred Dollars discussed on The Big Biz Radio Show
"We had Mike much were on the air a couple weeks back to talk about gold and mining to river he's a fifth generation miner into South Dakota minor and what's interesting is that ever since we had him on there now and get people contacting us is one of the one of you viewers contacted us not having him on here to talk about they're coming Amarillo gold I am a real gold Amarillo. but a we will hear back in there because it's fantastic my great. well I say in Amarillo but the Brazilian pronunciation would be in the rolling on the **** Amadio. love that I want to just make you look like a last name is Russ Ameri I'm. do people come out they didn't see you last time we've got another couple affiliates we picked up and you were pretty popular so you're on the air with us so give us the background of you as a fifth generation miner and also the company of course. yeah I'm a mining engineer I grew up at the Homestake mine in South Dakota which work for a long time is the oldest operating gold mine in the U. S.. my family worked there from the early nineteen hundreds so I work there are always going to college should got an engineering degree work in the US for a circle for about twenty years before I switched into gold work for single companies in the US in here in Canada I'll start with our low go a little over a year and a half ago and we've been in in the advancing are merasa property in the meantime we're we're doing a feasibility study now reading ready to apply for our construction license in October we'll have our feasibility study done at the end of the year we'll get our construction financing upfront and twenty million cap ex in place during Q. one and we'll we'll be planning on receiving our license to install in April in starting construction next July so my my question of course this is we're talking about Brazilian contacts or do you when you started to consider moving in this direction did you consider having to have boots on the ground in Brazil as far as not on the mining side but is the bomb the business side how difficult is it to navigate when you're dealing from from you know where you are domiciled out in other parts of the world. yeah I I think your results especially but is she is key to have the you know the local CO you have someone on board who is very experienced we're fortunate we have a gentleman by the name of our Portugal is our country manager in Brazil he joined Amarillo in twenty fifteen on a part time basis doing are a regulatory permitting work and he joined us full time starting July one as country manager arose former country manager with him on that in Brazil he was involved in permitting and building eight of the Amman operations in Brazil so he's done this eight different times and resilience key to have someone like him on the team he noticed a local regulators. he told me a story early on he said done. it is modern early in his career someone told him the papers don't have legs and had to interpret that for me what that meant is when our file is done on on one regulators desk he will go in and thank the regulator bill hand carry the file to the next person introduced himself encourage the project that they probably know each other they probably work together in the past but it but he had carries a file through the process and works with the regulators to to make sure that our projects day is a priority for everyone so that we can get a moved through the permitting process so you have hands on your question about DocuSign there. we're not gonna DocuSign. rose at a corner last interview with you has one point six million ounces of what you call open in a bold gold resource and one point two grams per ton and will produce a million ounces of gold at a cost of about six hundred fifty dollars all in gold is now trading at fifteen thirty you're making roughly nine hundred dollars an ounce last time I checked on the political you. the radio television mass nine hundred nine hundred times one Amelie. Hey."