12. AGGREGATE PRODUCTION: MEDIUM-TERM OBJECTIVES• Months 12-24 - Completion of Stage Two and ramp-up of production to 1,500,000 annual tonnes 1,500,000 tonnes of annual production potentially by Year 4• Years 3-20 - Large-scale mining of the aggregate and commence export sales 12
13. PROPOSED FINANCING & USE OF PROCEEDSSource of FundsDebt Financing C$3,000,000Use of FundsSwamp Point North Start-up Costs C$2,550,000General Working Capital C$ 450,000Total C$3,000,000 13
14. CASH FLOW OBJECTIVES OCT 2012 – SEPT 2013Inflows• C$ 3 million financing, Q4 2012• C$760,000 from exercise of $0.10 warrants, Q4 2012• C$5.3 million in aggregate sales, less C$500,000 royalties, from sale of 235,000 tonnesOutflows*• C$2.55 million on start-up capital costs• C$4,9 million of operating expenses from production of 280,000 tonnes• C$300,000 for Highbank overhead expenses of (C$25,000/month) *excluding interest payments and taxes 14
15. MEDIUM/LONG-TERM OBJECTIVESYears 2 and 3 (through September 2015)• 540,000 tonnes per annum• $12.150million per year in revenue• $1.6million per year in operating profit* *prior to interest, Highbank overhead, taxesFull-Scale Production By 2016• 1,500,000 tonnes per annum• $33.75million per year in revenue• $4.425million per year in operating profit * * prior to interest, Highbank overhead, taxes 15
KEEP IT SIMPLE, PATIENCE and TOLERANCE brings PEACE and SERENITY !!!
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