GREY:BURNF - Post by User
Post by
nofluffon Jul 25, 2014 11:47am
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Post# 22782209
The good and the bad
The good and the bad
THE GOOD: We made our payment for the year!!!!!!! There is a claim that we will likely get some funding. Hopefully that means besides the 250 thousand and 50 thousand loans we carry. THE BAD. Our total debt is 600 thousand dollars. At present the lenders have complete security of all assets. We are not doing a shareholders rights offering. I have not looked at the price of copper and moly to say good or bad. 4.00 copper and 15.00 moly gives us 50.00 per tonne cost. I believe the all in costs are about 10.00 per tonne. If we can get this back to .20 dilution will not be bad. Going to check markets.nf