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Re: Bullbeck post# 32506

Thursday, 08/27/2009 3:21:09 PM

Thursday, August 27, 2009 3:21:09 PM

Post# of 83044
I was told they got the SX/EW for $250k. While having it up and running asap is great for cash flow which has a time value of money component, it will not create one more pound of copper. I'm all for throwing enough resources at it to maximize our cash flows if it prevents expensive dilutions. However, I'm not for paying extra operating capital to get the copper out of the tailings sooner. IMO, the price of copper will go up from here so it may actually have a better NPV if they take their time. I guess it all depends on the opportunity costs of pushing the SX/EW faster than they should.

F18
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