Rob 1000,
From the 2007 JRV Chairmans address verbatim --
" In 2002, the company acquired the main gold assets of Resolute Mining Limited at Bullabulling near Coolgardie in WA. The objective of this was to provide cash flow from
heap leach gold to assist with Young and Nyngan advancement. In the event, it has been a liability in operation. This year, although loss making, sales of gold did total $1.3 million – more than double the gold revenue achieved in 2006. "
We will see how 2007/2008 has been to the gold operation in the next Chairmans address.
The current financial debacle will produce a lot of shocks for companies trying to get new projects up and running IMO. Even those with financing in place are not immune as the financial ripples spread through the pond.
It will be interesting to see how INL travel through the mire.
The chinese curse referring to "living in interesting times" is now a reality.
Datrat
metal price., page-13
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