What 100$ extra will do for Windfall

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)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Francis Dube

Rank: President [?]

Points: 44898 [?]

Votes: 625 Score: 3.5 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

What 100$ extra will do for Windfall

posted on Sep 17, 2008 10:51AM

As we speak, we are getting very close to zone 100. Once we finish gatering our 25k ounces of bulk sampling, and if we get 1oz per ton, then we will just have added 2.5M dollars extra to our kitty. If we end up with 2oz (very optimistic view) we would add 5M to our coffers. If gold shoot up to 1275 for 500 per ounce more than price this am by the time we process, then you are looking at 12.5-25M dollars extra on top of the 10-20M that we were expecting. Also remember that Quebec does not tax the first 100k tons so all this money would be tax free!!! That should bank role McFauld's for a while put us in the driver's seat for negotiations with majors.