HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: Roads, update on money for logging roads

Roads, update on money for logging roads

posted on Dec 31, 2007 09:29AM

This is a portion of an e-mail I received from a MNR source.

Clearly there is $$$ and let's put the roads issue to bed once and for all in 2007...

Sent: Friday, December 28, 2007 1:14 PM
Subject: 2007/08 Road Funding Program Update-Dec 28

December 28, 2007 Subject: 2007/08 Road Funding Program Update Road Invoices·        137 Invoices Approved for payment -  $40,975,741

·        An 06/07 update from Dec 19, 2006 showed 105 invoices for $27,120,400 o       “A little ahead of last years reimbursements” Regional Perspective
Northeast 64 invoices $21.5 million
Northwest 63 invoices $18.0 million
Southern 10 invoices $1.4 million
  Invoiced Amount
< $100,000 36
$100,000- $500,000 78
$500,000 - $1.0 M 18
> $1,000,000 5
              Allocation Remaining
% Allocation Remaining # of MUs
0 – 25 % 11
25 – 50 % 21
50 – 75 % 11
> 75 % 8
  Comparison to 06-07 Road Program
Activity 06-07 Road Program Reimbursements (%) 07-08 Current  Invoices
Construction–Primary $17.2 (23%) 19%
Maintenance-Primary $47.4 (64%) 69%
Construction-Secondary $6.0 (8%) 8%
Maintenance-Secondary $3.8 (5%) 4%
Total $74.3 million $40.9 million
 NOTES:  ·        The Road Funding Review Committee will be meeting in late January (date TBA) to:·        Review the reported ‘forecast of expenditures‘·        Outline the year-end timeline process·        2008/09 Road Program pre-planning

If you have any questions regarding the information provided or have any comments for the Review Committee to consider at the next meeting, please inform your industry rep or contact me at

BB

Share
New Message
Please login to post a reply