posted on
Aug 14, 2013 05:29PM
On stock house board there is someone who speaks with Patterson personally all the time.I think his posts on numbers says it all.
Donner metals is on the ropes and may not surrvive. I of course hope they find a way out of this.
Where they are mining at present is mostly copper. I suppose that could change at any moment.
They need copper at 3.30 or more, at the moment it is $ 3.31. Zn must be at 92 or more. It is presently at $ .87 cents. Both higher than last week.
OR, an injection of capital.
They don't have any influence on the price of commodities.
They are doing all they can to find additional cash by whatever means that make sense. At the moment, they are coming up 1 million short each month.