GREY:LBEFF - Post by User
Comment by
JohnEStromJron Jul 06, 2010 2:04pm
326 Views
Post# 17247623
RE: RE: RE: Going over the facts
RE: RE: RE: Going over the factslegend7,
Thanks for the information - greatly appreciated. I hope nickel does stay above $8.50 and that our costs are $4.50. Would that include salaries, taxes, exploration et al or just production costs? Hopefully all of the costs but I think only production costs. We weren't supposed to reach full production at McWatters until end of June, 2010 so we would only be at full production for six, not seven months but that's a huge step forward from where we were not long ago.
If we're going to produce 6 million pounds of nickel this year on only six months full production and a lesser amount - but climbing - from Redstone - then we should be able to produce significantly more than 6 million pounds of nickel in 2011. Hopefully. As for paying off the debt during the next year and a half, Gary said [unless I misunderstood] that no debt would be paid this year but they would be able to pay the debt off next year. I'm not sure that would also include the convertible preferred but sure hope so. That would be great news for shareholders if they can manage that. Thanks!