Re: First Qtr Fin Statements
in response to
by
posted on
May 17, 2010 02:41AM
Producing Mines and "state-of-the-art" Mill
"Sarlock we appreciate your input into our financial statements."
Thanks Wanderer. Long ago I calculated ultimate production costs to be around $4.00/lb cash cost and $7.00ish total cost (non cash costs included). With nickel holding above $9.00, Liberty should do alright. Nothing huge on the profit front, but cash flow should be solid and sufficient to slowly burn down existing debt and squirrel away money to fund future expansions, drilling, etc. Nice to see Liberty struggling to get back on to its feet again.
Haven't visited much in the past year... good to see not much has changed :)