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: Burn rate
6
Oct 02, 2008 07:57AM

In this current environment those exploration dollars are not being well spent....no respect for what is being found and high cash burn rates only shorten the time it will take to have to go back to the market; and who wants to do that in this environment.......it's all about cash preservation....an announcement that they are scaling back exploration in order to reduce the burn rate I think would be appropriate with respect to McFaulds anyways

At least with Windfall there is the prospect to add some near term cash

Just my opinion

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Oct 02, 2008 08:40AM
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