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Re: richard.w post# 52824

Thursday, 01/28/2010 9:14:27 PM

Thursday, January 28, 2010 9:14:27 PM

Post# of 83044
Rich, you are the MAN! These are outstanding notes!

Regarding the following notes:

Need input from TerkOH on these next notes as he wrote them:
o 70% up front from broker. Other 30% after weighing and testing.
o 92-93 per truck load
o 40 ton truck load
o 90% iron
o Vert float tanks: (2) 38’ and (2) 20’ 20-30%
o Rougher cells new add 70% something?
o 3700-4800 tons with upgrades

...I understand we may need to wait for additional input from TerkOH, but can you help clarify a couple of things?

1- Is your note; "92-93 per truck load", referring to dollar value?
2- What is the significance of "90% iron"?
3- Is "3700-4800 tons with upgrades" referring to how much ore they will process through the Mill after the upgraded cells are added?

Finally, did you get any sense of when they may achieve their target of multiple truckloads of concentrate shipping each day?


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