GREY:RDTMF - Post by User
Post by
blue_seaon Nov 07, 2012 6:30pm
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Post# 20574226
Interview with Utter
Interview with Utter There is a new interview on youtube. CEO Utter said that RMN will pay back all liabilities in 20 to 22 month. So after this time they should make big money I guess. Actually they pay around $850,000 bucks per month back. They should also can expand Luz del Cobre which is still open at 2 directions. And he also mentioned why they did the private placements. The reason is that they couldn't stop the production process of the heap leach etc. after the damages of the storms and so the costs laid above earnings of production. But this is the past he said. They will do no financing in future.
But you can check it out (when the link works of course).
https://www.youtube.com/watch?v=_AU1SqAnnm4