GW1 10.0% 4.5¢ greenwing resources ltd

re: Ann: ORE INTERSECTED IN HELLYER MINE DEVE... Good spotting...

  1. 151 Posts.
    re: Ann: ORE INTERSECTED IN HELLYER MINE DEVE... Good spotting kb7, here's summary of MD's comment on today's news release:
    The mine development is progressing well and we are on track to become cash-flow positive
    in the first few months of 2011. We believe the outlook for base and precious metal prices in
    2011 is very positive and this is a great time to be bringing this project on-stream said Bass
    Managing Director, Mr Mike Rosenstreich. In terms of growth, particularly through
    exploration we need to conserve cash at this stage in case of any delays, but once we have
    completed the current commissioning we plan to accelerate our exploration activities and look
    forward to keeping at least 2 to 3 drill rigs busy on our projects he added."

    IMO, this company is lead by a good team
    Quoting kb9:
    "this is one of those companies that inspire confidence. I don't feel I need to keep too close an eye on proceedings."

 
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