Re: Cash Burn Rate

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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)

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bernardho

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Re: Cash Burn Rate

in response to

Cash Burn Rate

FANTOMAS

posted on Apr 19, 2008 04:04PM

with most of the fixed cost occurred already in Mcfauld,

assays cost which is around 23,000/month comparable to other costs is very minimal, but with turnaround time more than 3 months is really hurting the whole progress and share price.

Even we pay 5-7 times more in order to have the assays back a month earlier is still justified, it is very very crucial to let the geologist to understand how to drill and prepare the 43 101

Investing in Actlab in Thunderbay is the excellant choice.

another indication that the other junior companies shares PRICE without drills or any assays results may not move up