Zeev: RE: USPS (I appologize for posting here) The company has been negotiating reduction of much of it's past debt from other projects. Advances and salaries not paid amount to $114,877 and $954,161. resp. These back salaries are to be paid out of future income. Also, deferred project costs for 1994 and prior years total $648,435. The news release of Sept 16, 1996 states that they expect positive cash flow in 1997. They are projecting gross income of 1,386,000 in 1997, expenses of 1,514,000 on revenue of $2,900,000. They project a rapid increase in revenue in the next year to 11.6, and then 58.2M. The head ore seems quite valuable, and averages the following per ton:
Au 364.65 oz, Ag 72.85, Pt 180.6, Pl 516, Rh 92.15 per James Metallurgical Services. This figures over $2000./ton of head ore.
But then there is all of those old unpaid salaries...???
Lee |
