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: NOT's CASH POSITION ???

NOT's CASH POSITION ???

posted on Oct 06, 2008 09:34AM

Can someone pls clarify once and for all how we alledgedly raised 100 mill ??? or whatever with the private placement not too long ago and now we're talking 30 million left ???

I understand we have a burn rate ( pls post ) but I was under the impression that we still had more $$ than this 30 to 40 million figure.....something doesn't seem right.

If we really have only 30 million left in the bank we must have a much larger burn rate than what has been discussed here and we will need to raise more money pretty soon which will not be easy.



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