Re: Vancouver conf. notes Jan 25 / cedar
in response to
by
posted on
Jan 26, 2009 11:14AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Thanks all for your comments. I have some more questions myself and will pose them.
Re: hrattle and spending, from your post - "3-5m (?) for admin costs" - you must figure they really whoop it up in the office! I heard nothing of the kind. The impression I got is that $6m+ is the whole spend rate office + GM, and including all projects (NOT an official figure) perhaps ?? $8m this year. At that rate the cash on hand would last nearly 4 years, through most of 2012. I think they are doing it and handling the cash extremely wisely
Drill costs, assay costs, fuel costs - the price of everything is dropping from the recession, all in our favour at the present.