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oryx

09/26/11 1:39 PM

#39899 RE: carmine_langone #39898

This was covered in an earlier post. $5k/day to run the mill, $38k/day to run SFMI. Which means that most of the effort is going into expansion, rehabbing the Sinker, prospecting, etc.
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Haymaker1

09/26/11 1:57 PM

#39904 RE: carmine_langone #39898

The actual number quoted by PQ was $4010 per day to fund mill operations. I also asked if the $50/ ton figure was accurate or more importantly what did it include/exclude. PQ asked the bean counter on additional over head and it was $30K/month. So the math is 30 times $4,000= 120,000 plus 30,000= $150,000/month.

This of course does not include capital expenditures [smelter, mill upgrade and expansion.]
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bc322032

09/26/11 2:22 PM

#39911 RE: carmine_langone #39898

As to the total cost of the operation, he sair its about $38,000 per day (including the the aforementioned $4000 per day).



from IW post:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67407285


$4k is JUST for the mill - but the total operations - ie making pr videos, paying mgt, etc is $38k or $1+ million a month.

All per IW who was at the SHM - just say'in!


DAILY COSTS
At the meeting, a direct question was about the costs of the mill, per day. Pierre answered that the mill costs, including salaries, $4,000 per day. He was challenged openly about this being a very low number, and he kind of revealed his cunning by pointing out that he was telling them the mill site daily costs because that what they specifically asked about. Then he told them the total daily cost of running SFMI, all costs included.. As to the total cost of the operation, he sair its about $38,000 per day (including the the aforementioned $4000 per day).