Re: Get Real
in response to
by
posted on
Feb 25, 2009 09:08AM
Producing Mines and "state-of-the-art" Mill
Tantallon, you have to go back to the McWatters technical report and you would have seen the 1500 tpd at full production when we were down to the high grade ore. Obviously, when the ramps were still being built you would not have seen full production.
I do not know too many mines that are busy being built that are profitable. Lbe was chasing dropping Ni prices. Knowing ISM's perspective re Lbe period, I can understand why ISM would never recognize that Shareholders would like to see some return of value for their investment. No one knows what the financing terms are. There was an extension on some of the financing with interest being paid in advance and in terms of our property being put up for sale or financing - the Chinese portion of the financing could have been reworked in some other form. We are now flys on the wall and therefore are not privy to what has transpired so far behind closed doors.