The following 2 Strategic Plan paragraphs caught my attention.
Exhibit B Strategic Plan Summary November 11, 2009 V. Production Summary Paragraphs 3-4
By mid-September the Company’s production became inconsistent due to ineffectiveness of the reagent scheme pushed on Copper King by the reagent manufacturer, and, more importantly, due to the delay in closing of the Empire Financing. The delay came as a result of a lengthy inter-creditor process and the Companies inability to purchase the key proprietary reagents.
Since then the concentrate production has fallen and today the Company is generating only about 40% of the amount required for operational cash flow break-even.
1. Ineffective reagents PUSHED on Copper King 2. “lengthy inter-creditor process” caused 3. Financing delays so 4. Couldn’t buy “proprietary reagents” and 5. Production falls to 40% of that needed.
Elsewhere it stated that Reagents MUST be PREPAID with a 30 day delivery
Unfortunately that seems to summarize much of our story.
THANKS TO ALL FOR YOUR GREAT DD EFFORTS - I still have hope and confidence AND I’m still going to JUST SHOW UP!!! in June 2010 & 2011
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