CLZ classic minerals ltd

Ann: Classic Submits Call Notice To LDA Capital., page-146

  1. 2,020 Posts.
    lightbulb Created with Sketch. 1039
    It's a good post.. BUT..
    10hrs per day.. 6days a week..

    I don't think I've ever come across mining company that doesn't run it's operation 24-hours a day seven days a week with no stoppages except for maintenance.

    on your calculations the operations looking at turning over about $20 million py however I would disagree and double that to $40 million on a 24/7 basis.

    (this is all of course based on the assumption they can even get the thing operating)
    and it will only be worthwhile investment if they can stop increasing capital at such a dramatic rate.. personally I think the recent sell down was structure so lenders can increase the shares they received when funding is drawn on again.

    I would like to see the project operational and I hope they are successful. I like to see small companies follow through on their goals.

    time will tell

 
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