Timmins & Beardmore - Northern Ontario

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Message: Burn Rate

Burn Rate

posted on Jan 22, 2008 03:22PM

No idea where the markets take us in general.

For the past while i figured sgx would burn through that $5million in first half of year or so, with all the variuos potential drill targets, and another financing in order, at much higher prices.

Whos knows how long we sit below .50 alot will depend on coming out with Stellar results and POG not tanking and markets stabilizing to a degree.

I wonder if SGX may have to priortize drilling and scale back abit to make cash last, till they seeĀ  higher prices?

The potential news form KXL and our SE Jacobus zone, Onoman drilling and sampling can get us ther

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