GREY:DRGDF - Post by User
Post by
shermandrockon Jan 27, 2014 11:40am
261 Views
Post# 22137910
Hey bengram: One could certainly see his way clear
Hey bengram: One could certainly see his way clear
to the $ that you have calculated. My interpretation is that these costs / funds / cash have already been expended and capitalized.
Nevertheless using your number, therer is still a comfortable margin and management oversight as to timing of projects and cost control so as to preclude a cash raise.
I suspect that there are some folks and costs associated with building and planning a mine that could now be considered redundant and will be shed.
Were I to release a statement of this nature, rest assured that I would take the worst case and grow it some more so as to avoid having to justify the overages in future NRs
I believe that we are nearly aligned in viewpoint.