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2guys

04/12/12 3:07 PM

#3268 RE: Fi #3267

Whatever the rise in costs due to inflation, those costs rise for everyone, not just AMY.

I think that even with a higher cost per lb EMM, AMY will still undoubtedly be the lowest cost producer of EMM in the world hands down.

Everything else is all relevant.

One thing to note is that with regards to future funding, he wouldn't place a number on it now. Instead it seems Larry is waiting to see if after the PFS the offtake partners get serious, as they should, and contribute in the financing department.

It's been done, and is being done with other juniors that aren't as far along in their projects as AMY is, and I'm confident that a positive PFS will bring those hesitant to sign a definitive offtake deal to finally signing one. JMO