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Re: Don jr post# 23461

Wednesday, 05/08/2013 6:47:33 PM

Wednesday, May 08, 2013 6:47:33 PM

Post# of 62039
Well they kind of hinted at that in their latest 10-K...

We will apply any proceeds from copper sales generated from our activities at the Chloride Copper Project to help cover our exploration expenditures, but we anticipate that revenue may not be generated until FY2014. Our projected expenditures will likely far exceed proceeds from sales over the next twelve months, which will require that we obtain substantial financing in order for us to pursue our current plan of operations.



If permits are delayed for another year that would put production into late 2014.

All IMHO

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