GREY:NWMMF - Post by User
Comment by
stu.2on Oct 02, 2012 7:56pm
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Post# 20440210
RE: RE: NR - NWM drills 1.03 g/t Au over 23.0M at
RE: RE: NR - NWM drills 1.03 g/t Au over 23.0M at Interesting and informative post production05 my only concern is how much will it cost to get it going?? I'm sure relatively cheap since it's shallow, it's bulk mining characteristics and it's close proximity to the pads... but we have a poor debt deal to service and share count is already over 510 million once the recent renvest shares get thrown into the pot. (no more dilution please)
Great we are cash flow positive but we are so small that we can't make a dent (which supports what you are saying Prod05 we do need to grow)
I think we need to spend what little money we have drilling our prime targets and getting our reserves over a million.
Difficult decisions need to be made in the following months. It's up to management to pull this off.
GLTA