Re: Cycles?

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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djo

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Re: Cycles?

in response to

Cycles?

CMP

posted on Jul 08, 2010 05:50PM

cmp.

I feel your pain, the BoD when parachuted into their high paying positions, started with approx. 29 million dollars , add in the financings you mentioned plus the money the unfortunate few who gave up their stock in FWR. About 11,800,000 if memory serves me correctly, which translates to approx. 237,888 shares of Cliffs. This is approx. $ 80,000,000, in 20 months or a staggering $ 4,000,000 per month. THey obviously have some money left ? But ehat do the shareholders have to show, from from all of this expense.