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Horizons BetaPro S&P TSX Global Base Metals Bear T.HMD



TSX:HMD - Post by User

Horizons BetaPro S&P TSX Global Base Metals Bear
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Comment by ddempston Jan 27, 2000 12:04am
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Post# 1281836

RE: PR/IR

RE: PR/IRThe machine worked quiet well but, the average diamond price fell from $90/carat to $40/carat and with 9 meters of overburden it was uneconmical to mine the diamonds considering a 100% fuel tax. Their new concession only has 3 meters of overburden and average price is $160/carat. The cash infusion is at least enough to keep the company paying its bills, burn rate 100M/ month. I would suspect its probably 3MM.
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Dealroom for high-potential pre-IPO opportunities