When will we need Cash?

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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storm5151

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When will we need Cash?

posted on Jul 18, 2010 05:28PM

We started the year with 30 million , enough for the years drilling.

We keep hearing about a number of drills turning but have yet to see any results of significance. ( I say significant as the last results were infill and the results in my mind only confirmed what we already had, the market agreed with me)

We will need to raise cash soon for next year. God help us that the next PP is not at a buck fifteen. Last year when we had the sudden price rise we saw a 2.50-3.00 share price and a PP in the 2.85 neighborhood( if I recall correctly)

Whats our cash position now and how long do we wait before rasiing more cashÉ

Regards

Storm

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