Re: NEWS - Hard to split what you don't own?jonboy/C
in response to
by
posted on
May 09, 2008 12:15PM
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)
If the company remains as a single unit, it is a lot easier for Windfall money to be used for further exploration funding in ROF, without ever having to worry about a PP. In the meantime, the $50 mil in the bank can hold them over, given the estimated monthly burn rate of $3.5 mil
Now that makes some sense..:)...Don