RE: RE: ELR, nowhere but downEastplats still mulling ways to reinitiate mothballed projects
https://www.miningweekly.com/article/eastplats-still-mulling-ways-to-reinitiate-mothballed-projects-2010-05-12
Rozier noted that if the volatility and uncertainty in the current market persist for an extended time and PGM production and/or prices remain at present levels or lower, then the cash flows from the company's CRM project and current cash balances would be insufficient to advance any, or all, of its development projects to commercial production.
"This, along with credit markets that may tighten and result in higher financing costs, could negatively affect the company's ability to obtain equity financing, external debt financing or third party participation." If adequate funds were not available, it might be required to further delay or reduce the scope of any or all of its development projects.
At the end of the quarter, Eastplats had just over $17-million in cash.
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