GREY:MLKKF - Post by User
Comment by
schoron Apr 08, 2009 7:57pm
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Post# 15906417
RE: RE: RE: help me out here - yober
RE: RE: RE: help me out here - yoberThe stock is where it is right now because of the risks involved. No guts, no glory.
If ML gets to 50,000tpd and if we're looking at $5/t after mining costs that's about $7.5mil per month and should be adequate to pay down the debt obligations. If copper also rises then we're in for even more.
The report I saw said the analyst was discounting the expansion as he has no firm dates, but that doesn't mean its not in progress.
It's a gamble for sure, but one that seems to be worth a shot. ML have come so far. I'm sure if some debt obligations come up, they will be resolved.
Schor