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patchman

11/24/10 12:24 PM

#18542 RE: jimmy james #18537

Jimmy, what is the cost to mine this material? Does it take resources?

From my experiences there is always an upfront capital expenditure that is cash flow negative at first and then turns cash flow positive. But it costs money to mine that is not even paid for until product is later sold. There is a delay - it is called cost of operations. They have never stated they have started mining anything so I ask, how long will it take to be cash flow positive and what money is used for the up front capital expense?

You guys seem to think that they sink a pick in the ground today and a billion dollars shows up tomorrow. if it were that simple this land would already be mined.