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2011 - 2012 Production scenario:

HudBay Cold-Lost operation to generate cash flow

2010 - 2012 Exploration in vicinity of known surface deposits within 4-km radius to test feasibility of multiple open pit operations feeding a central mill facility

2011 - 2013 Regional exploration to discover additional near surface deposits

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Common Shares-Issued 18 million

Warrants & Options ~2 million*

Market Capitalization $ 5.5 million

Working Capital $ 0.5 million

Ownership

Institutional 40%

Management and Insiders 5%

Retail 55%

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HudBay currently drilling to advance metallurgical testing

Decision to proceed to engineering expected January 2011

HudBay required to spend $1.35 million and pay $450,000 to earn 51% of 1.1 sq. km.

HudBay can earn 60% by paying additional $2 million before December 2011

HudBay can earn additional 7.5% by paying $2.5 million prior to production

Total of up to $6.3 million expenditure

Halo’s portion of estimated $3 million capital costs paid out from revenue

HudBay’s current work program - 100% more

than their required 2010 spending
 
aus der Diskussion: Halo Resources Kupfer-Zink-Silber-Gold Teil 2 Halo schon bald Produzierender Rohstoff Explorer
Autor (Datum des Eintrages): Robert023  (05.10.10 06:46:22)
Beitrag: 38 von 557 (ID:40263245)
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