HAZ 0.00% 4.0¢ hazelwood resources ltd

Ann: Drilling commences at Anomaly Hill nickel su, page-10

  1. 1,559 Posts.
    re: Ann: Drilling commences at Anomaly Hill n... Yes, they have advised so but I deem this the wrong way and a waste of precious money at this point in time. They take the fourth step ahead of the first.

    Right now they must focus on ATC 100%, get the plant up and running and preserve cash until the operation has become self-sustaining. THEN spend money on Big Hill and once it is in production advance Mt. Mulgine. Only after that has been done, spend the profits on whatever drilling they want. It has to be one step after the other. The "everything at once" approach will make the company run out of funds time and time again. I urge the company's major shareholders to clearly communicate this to management.
 
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