GREY:WFEMF - Post by User
Comment by
kilgoron Jan 28, 2015 3:44pm
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Post# 23373880
RE:RE:RE:possible event sequence
RE:RE:RE:possible event sequence - Our cost was $150/mtu under the old mining plan, which was revised to approx $200/mtu under our new mgmt. Now the mining plan has changed to mining a higher grade of W in the HW with 1/2 the mining equipment. Do you think our costs have increase so much that we can not make a profit from $280/mtu???? Really?
- If IMC backed out of the deal, then that is material news that should have been shared with the shareholders. So I don't think that has happened. Although our output production level has changed with the new mining plan, our product is still cheaper for IMC as we are in their backyard. If IMC was deterred, they wouldn't have extended the loan.