Good post longshot.......however we are buying in on potential. Starting an operation from scratch is quite an accomplishment.....but we ddnt actually do that..we took over a going concern....every project has its problems....that is what management is there to manage.
From what i see if plv dont find some decent grade ore from cockatoo....like somewhere in the 70 million tons or above.....we wont be going very far....i am concerned we have too much managemnt...this needs to be kept in check...really shouldnt be any jobs for the boys. Irvine is just a pipedream looking at what it will cost to develop. We sold nearly 50 percent of our company to get cockatoo going....ill be interested in the next quarterly to get a indication where we stand financially. I am just surprised we are still needing finance when we are shipping 2 loads a month....is this company viable..just because people are buying shares at 8 cents doesnt give me confidence that this is a good project...performance will give me that in meeting goals and ramping up the reserves
Pete
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