Post by
madmoney3 on Mar 02, 2010 10:41am
Permit #2
I know we cannot control when a permit is issued by Kentucky permiting office. But I hope IR and Charles is reading, you are fortunate to have #1 permitted very unfortunate about the bad weather the flooding I know a learning curve "BUT THE WEATHER IS ONLY GOING TO GET BETTER FROM HERE ON IN", why not add at least 1 more auger bring total to 4. If these contractors get paid per tonne there is no cost only profit is achieved. If there is only 12 months - 18 months worth of coal reserve at mine #1. Go crazy make product exhaust the mine while we wait for our #2 we won't need mine #1 once 2, then 3 then 4 is running. In the meantime your getting excellent cash flow your investors will sleep better and quit yipping negativley on the phones or bullboards. This would really help everyone IR, investors and definatley the SP.. Sorry for ranting I am done..
Mad Money
Comment by
bostonrob on Mar 02, 2010 11:10am
MAD MONEYExcellent posts that is a good idea you have about adding more Augers, and trying to make up for bad weather, etc.Your right you cannot cotrol when #2 mine permitted so why not exhaust Mine #1, get more cash flow to avoid having mine #1 next year dec-march.I will IR and ask about this idea today, also I am hoping to speak to IR at PDAC, about progression so far.Boston Rob...