Nickelex Resource Corp V.NICK

Question re: Fuel Expense

[Scorpio2]

I know that years ago, Brazil was able to change over their domestic consumption of gasoline to an ethanol (cane sugar based) product for domestic cars which had a huge impact on their balance of payments in Brazil as they produce a huge amount of cane sugar. Does anyone know if the trucks and machinery run off of more expensive diesel/gas or on a cheaper ethanol based product. I realize that gasoline/diesel is historically cheap right now but even gasoline should start to creep up over the next year or two. Fuel expense is typically the number one line item expense at mines.

[OldGold]

      Hi Scorpio2, the equipment is all diesel powered, the short hauls will result in very little fuel usage by the trucks, the diggers will be the main fuel users, as they will be running at high idle all day. If I think of it, I will ask Richard how much fuel they chew in a day.       I worked for Leightons for a while, we ran five diggers, three 500 ton and two

[mradar]

Great video OldGold. It's very interesting to see all of the improvements that Richard and his team are making. It's coming along nicely.