If you review the prospectus, you'd note that in order to maintain their license, they need to commence exploitation by May 2020. So really you'd need to run a trade-off study to see if it makes sense to permit and finance the gold recovery circuit (re-grind and leach).
I think looking at this through the lens of a gold miner is wrong headed. If you look at the revenue model, you'd note that copper and gold are very much a by-product (<20% combined) with Pb+Ag and Zn contributing the most to revenues. IMO, fast-tracking development is more important than maximizing recoveries as the ore is incredibly rich even without the gold.
WACC is very high for a junior with zero revenues so I think going lean is the best way forward. Certainly, as a shareholder, I would want them to take the least dilutive approach possible.
But you are free to think what you want.
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