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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Message: Share price lower

Re: Share price lower- operatonal expenses much lower, too

in response to by
posted on Feb 02, 2010 11:56AM

Drilling is expensive. If you aren't drilling, my guess is your burn rate goes *way* down.. like to 1/4 to 1/3 of the full-running burn rate. The corporate coffers had plenty of cash to support the drilling program into 2011. I'd rather see drilling, but I see this hiatus as a way to actually *avoid* doing a PP sooner. That said, I am very interested in what Mr. Hansen and the BoD are doing to reduce the corporate expenses during this downtime.

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