AGORACOM News Flash

AGORACOM CONFERENCE UPDATE

12 More Companies Added To Schedule For Dec 3 & 4. (See Schedule)
Keynote Speakers Include Peter Grandich, Eric Coffin (See Speakers)
Workshop Presentations Added To Thursday Schedule
Investors from over 45 Countries Have Visited
Conference Begins 2 Weeks From Today!

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Message: Cambridge House

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Cambridge House

posted on Jan 27, 09 08:01AM

Was at the Cambridge House conference in Vancouver yesterday. Stopped by the CMS booth. I was told that the prefeas will be on the website in about 10 days. Sounds like there are no surprises there.

They are basically in a holding pattern, waiting for Moly prices to recover a bit. The thinking is that once Moly hits about $15 again there may be a reasonable chance to obtain financing in one form or another. There is currently an abundance of barely used mining/milling equipment for sale, and so if they can obtain financing they will be able to reduce their capital costs substantially.

They have about $4 million in working capital left. The burn rate is currently very low, as they are not doing any substantive work at this point. As such, they have enough cash to keep the doors open for quite a long time.

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