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Message: Re: Update from a Miner
11
Jan 17, 2009 06:39AM
1
Jan 17, 2009 08:57AM

Jan 17, 2009 08:57AM

I understood them to say that they would be at the hinge zone around Xmas. It's now middle of January and they have over 27 days of work before they reach the hinge zone (550 / 20 ft per day). I guess that puts them about 1.5 -2 months behind where I thought they might be.

I never expected the Hinze to be in production until middle of 2009 but that probably means that moves back as well.

I don't know what this means to the possibility that they will be cash flow positive this first qtr as I think that is mainly based on mixing in high grade from the main mine. I hope so anyways.

JFF7







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