costs

Hi....the projects economics remain positive however in general it should be noted that although the final capital & operating costs are not available,both of these costs have significantly increased from the original scoping study mainly as a result of flow sheet modifications & the change in costs of materials,construction & labour.Capital costs requirements to build the rentails project in its current configuration will be in the order of $190 million;this may be difficult to finance in the current credit market.These points of concern were expressed by mlx management in last qtrly. I am in the same boat as every share holder in mlx caught in a major world wide correction, lets see what management can deliver come next qtrly; should give an over all clearer picture of costs & potetial profits.They need to start producing some poitive cash flow or i can see mlx plunging to the depths of cvi.cheers