Good post.
Really all the work has been done and the only box to tick is finance. I don't have great confidence in management, but it should be a fairly simple operation on their part - it's being toll treat so no plant needed and contractors will be handling the actual mining.
For me the main factor is a gold bull market. Small cap shares close to production offer the highest risk / return for your money I think. Especially so when I can swing profits from producers who have moved up and likely to continue to move up as margins improve. A project at a gold price of $1,800 might have been a 50:50 proposition to finance but at $2,400 the metrics must look significantly better. At $2,700..
If the gold price continues to increase we'll likely reap all the benefits from retail FOMO and increased investors into the sector.
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