Re: I own shares of Not---but no but

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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goFWR

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Re: I own shares of Not---but no but

in response to

Re: I own shares of Not---but no but

Gerwin

posted on Dec 02, 2010 03:23PM

Actually PAYING for infra is still a BIG deal.

They don't have cash in the bank. Mining reveunes come AFTER mining capital costs are spent.

All they have is a big NPV of a future mine. To what extent a bank would accept that as collateral I don't know - but I doubt that they would value it more than 200M <- since the market doesn't.