Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

Free
Message: Re: quiet board eom

Nov 04, 2008 10:22AM

Nov 04, 2008 10:34AM

Nov 04, 2008 10:41AM
2
Nov 04, 2008 11:41AM
1
Nov 04, 2008 01:09PM

Nov 04, 2008 11:18PM
1
Nov 05, 2008 06:29AM
1
Nov 05, 2008 07:32AM
1
Nov 05, 2008 07:46AM
2
Nov 05, 2008 12:12PM

We'll need additional cash for working capital as we wait for the first concentrate shipments to be paid back to us in cash. We also lose 20t per day of concentrate to JJNICL as per our arrangement. We won't receive any cash for this until our debt is paid off. I believe the turn-around time from shipment to receipt of cash is upwards of 90 days, so we'd need a good $10 million in cash or more for working capital (operating costs, wages, etc) to cover this time gap.


Nov 05, 2008 12:59PM

Nov 05, 2008 01:12PM

Nov 05, 2008 01:16PM

Nov 05, 2008 03:16PM
Share
New Message
Please login to post a reply