RE: RE: RE: RE: RE: RE: RE: RE: RE: Sale Contracts I don't think you are right. Let's look at the numbers. They had $58 mil at nov. 30. I think the operating burn rate for dec., jan. And feb. is around $8 mil per month. On top of that you have to add capex, like the upgrading of the wash plant to 800 tph and acquiring additional CMs. I think they are probably sitting right now with around $20 mil. Going forward, they will have $10 plus mil. Per month in operating cost. Don't forget that the estimated $50 mil. In caped for 2012 does not include the rail rehab which is scheduled for 2013. Most of the capex will be spent in early to mid 2012 and not at the tail end of the year, so that they can achieve full production.
They may not be at 0, but certainly, without revenue by June/July, they will need additional funding going forward.