GREY:LBEFF - Post by User
Comment by
legend7on Aug 13, 2010 4:42pm
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Post# 17349881
RE: Rocky & trailorparkboy
RE: Rocky & trailorparkboyThe low price still doesn't change the fact that we are NOW at full production and will soon reap the benefits.
Trailorthe costs of $5.17 were for the month of June only!! So looks like theyshould be coming in at $4.50 US a pound when they are at fullproduction I think that is a great sign!!
I haven't looked through it all yet but I was very impressed with the June numbers when they are including...Thisnon-GAAP statistic includes mining, milling, transportation,smelting,refining, price participation and marketing costs butexcludes minedepletion and operating asset amortization charges.
So with a nickel price of $9.75 - 4.50 = 5.25 profit per pound
Evenif we do 3 million pounds in the last 6 months we would be 15,750,000 -extra office expenses of approx $125,000 per month and we end up with15 Million cash flow. And that should be on the low side!!
So we should be able to get Hart going and pay down some debt at the same time
So Trailor and Rock....time will tell and you will be proven wrong yet again....Tick Tock, Tick Tock