Ann: Drilling Update Below Savannah 900 Fault, page-19

Tomboy,

Firstly I would say that Victor has certainly proven to be at best “extremely economical with the truth”, and you dear poster are totally alienated from it.

Secondly I guess that $44 mm is only $0.5 mm after filling the $44.4 mm wc hole, indeed not even a days operating costs.

Thirdly nickel price being way above DFS figure. So what with output way below DFS figures and unit costs way higher, time to base your analysis on the actual hard realities - they are burning money, not printing it. Fixed filter press doesn’t resolve the fact that they have at best a “problem prone” operation - what is next?

The desperation around the CR says it all, going under is still far from an unlikely outcome. You can’t get a near 50% discount if risks are normal.

Finally what are you smoking in order to be so detached from reality, as you were for MBN, TRY and POS? My guess is that the price of joints is as likely to triple as the nickel price, and if it does it’s likely to be a spike as it typically is for the NP, and wont help PAN if Savannah is back in C&M..


EL