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Thursday, November 13, 2008 1:45:33 PM
resistance to create cash flow. This cash flow and the
new equipment blessing will eliminate the need for the
much more expensive "new SuperMiner 150" at the Lucky Linda
mine. Thus the profit levels per ton will be even higher.
As the cash flow increases, the other mines will be ramped
up to speed with the needed infrastructure to remove and
process the proven reserves. The test results for COS 1
are due out shortly.
From the PR...
The equipment, purchased primarily with $2,000 down and restricted 144 stock is in excellent condition and has enabled us to eliminate the need for the more expensive (especially with associated finance costs) new Superminer 150, a development that we are thrilled about. Hence, while we are going forward with BLM protocol and infrastructure development at Lucky Linda, we are looking towards the Arizona properties to begin full production.
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