GREY:LACHF - Post by User
Comment by
RedHorizonon Feb 22, 2009 3:24pm
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Post# 15796410
RE: RE: RE: RE: Actual Cost Per Oz
RE: RE: RE: RE: Actual Cost Per Oz"As I see it, to be a viable LMA may have no choice but to incuradditional $ 100 million US in developping its own milling operation inAustralia."
An incredibly ignorant comment. They will have to incur $100 million in capex FOR WHAT? The capex they have announced to bring White Foil to production is $1.5 million. They will in fact truck the White Foil ore to someone else's mill. That is a cost per ounce issue, not a capex issue. And to be throwing around such large numbers as $100 million is silly. I guess you are short the stock.