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WhiteSahara

11/01/11 4:57 PM

#71165 RE: H3Capital #71164

Five days a week, 8 hours a day and 40 hour work weeks for employees in mid September. Information provided from an employee on site at Nevada Rae's processing plant.
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rrss44

11/01/11 4:57 PM

#71166 RE: H3Capital #71164

probably just five. no need to pay OT if they can just hire an additional person at the flat hourly rate.
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hfields

11/01/11 4:59 PM

#71168 RE: H3Capital #71164

Not sure of consensus, but minimum of 5 days a week is a safe guess. 5 days a week at full tilt. Anyone can correct me if I am wrong.
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Phred6

11/01/11 5:27 PM

#71172 RE: H3Capital #71164

It would seem from the Aug 15th PR and the MSHA report that they're working 8 hours a day five days a week. If they're going to meet their current allotted tonnage they'll have to work a lot of overtime or go to a second shift. If they work a 40 hour week they'll only be at 55% of what they're allowed to mine. One point that I and most of us have missed is that besides the recovery rate, the volume processed is a key to profitability. They're going to have to expand the plant capacity sooner rather than later. I suspect that we'll see something about this when the 10Q is released.

General question for the construction types on the board: What's a price range for the rental equipment per month?