Market Cap 72M What price for the Mine?32M$ in cash & No Debt as of june 1,2007
warrants for 21M$ with average exercise price of 1.89$
Whirldwind Mine
Mine rehabilitation underway with total capex of less than US$ 1 million
Exploration permit received, production permit expected in less than 7 month
Planned 2-300 tpd operation could begin in 2007
Drilling permit in place and contract for 19,500 feet of drilling in 2007 has been executed
Energy Queen Mine
Mine rehabilitation underway with total capex of US$ 2 million
Mining permit in place, dewatering permit requires 6 month approval
Planned 2-300 tpd operation to begin in 2008
Tendeffool Mesa Mine
Mine rehabilitation planned to commence in mid-2007 with total capex of less than US$ 1 million
Planned 100 tpd operation could to begin as early as mid-2008
Drilling permit filed and contract for 21,500 feet of drilling in 2007 has been executed