PINL:HLOSF - Post by User
Post by
ama21968on Oct 04, 2010 8:21pm
213 Views
Post# 17527635
Halo says ... (NEW PRESENTATION)
Halo says ... (NEW PRESENTATION)2011 - 2012 Production scenario:
HudBay Cold-Lost operation to generate cash flow
2010 - 2012 Exploration in vicinity of known surface deposits within 4-km radius to test feasibility of multiple open pit operations feeding a central mill facility
2011 - 2013 Regional exploration to discover additional near surface deposits
-------------------------------------------------------------------Common Shares-Issued 18 million
Warrants & Options ~2 million*Market Capitalization $ 5.5 millionWorking Capital $ 0.5 millionOwnershipInstitutional 40%Management and Insiders 5%Retail 55%-------------------------------------------------------------------
HudBay currently drilling to advance metallurgical testingDecision to proceed to engineering expected January 2011HudBay required to spend $1.35 million and pay $450,000 to earn 51% of 1.1 sq. km.HudBay can earn 60% by paying additional $2 million before December 2011HudBay can earn additional 7.5% by paying $2.5 million prior to productionTotal of up to $6.3 million expenditureHalo’s portion of estimated $3 million capital costs paid out from revenueHudBay’s current work program - 100% morethan their required 2010 spending
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Okay, I CAN WAIT..
Capitalization