HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: Burn rate

Nov 15, 2007 05:55AM

Why would they be looking at Apr for more cash. Lets assume as I write this NOT has 30 million in the bank(a true estimate would likely be 2-3 million more I believe).

Now assuming they are spending as much as 1.5 million per month they have enough cash for 20 mths. That said, with the result we have seen already and we may see in the future, plus joint ventures that may produce finds I think if we are not bought out in 20 mths any future PP with be at a lot higher value. Lastly within this time frame Windfall will have been dug and only GOD knows how much gold will have come out of the ground to generate revenue. So don't be worrying about things that are not.

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Nov 15, 2007 11:06AM
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