TODAY'S DISCOVERY, TOMORROW'S FUTURE

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Message: Re: Vancouver conf. notes Jan 25 / cedar

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.

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