GREY:LBEFF - Post by User
Comment by
northerngirlon Jul 19, 2007 3:10pm
334 Views
Post# 13118339
RE: sudburyguy
RE: sudburyguy"EITHER THE RESOURCE BASE HAS TO BE EXPANDED OR THE PRICE OF NICEL HAS TO KEEP RISING"
I believe the resource base at the Redstone will expand based on the fact that we still have a long way to go down...and the shaft is being built...as far as the nickel prices...they don't need to keep rising...though it would be nice!!!
...i'm happy with 15.00 dollar nickel...sure $20.00 nickel would be great to make the bottom line much better; but we'll make good money with $15.00 nickel...
"NICKEL HASN'T BEEN DOING SO GOOD LATELY. And personally, I THOUGHT THE CO. WOULD BE PRODUCING MORE ONCE THE MLL WAS RUNNING then they announced. That's just my expectations. I didn't think they'd be running the mill on a part-time basis through the fall. But that's just me again."
Well we have no control over the nickel price..and all co. are affected by that...that's the name of the game..but we've been holding well around the $15.00 level...that's good..
and that's the price out projections are based on...
It was stated previously that we would be starting at 500 tonnes per day...that is no surprise....and after a couple of months which takes us to mid september...then for little while on a "PART TIME BASIS" as you refer to it...OF 200 tonnes per day... for the little time that this will be going on...it's not important..mcwatter's is coming on board..and the redstone's resources will expand... i mean really, we are producing, have a strong work force, our loan from the Chinese is paid..when you compare us to some of the others we are doing oh so very well...watch the stock go as we grow...