''Cascavel is the main game for the moment because it has potential to bleed the company dry. They need to get it cash flow positive after the royalty payment and that’s not an easy task judging by past performance.''
Hi Esh, many here have stated that no CR is required - Gold production in August onwards will cover all exploration and mining - some even have stated that the next Cartesian payment is accounted for.
IMO,
Remember hasn't Anglo already paid $3m towards the exploration program
Hopefully soon the details of that $3m pre payment and JV discussions- negotiations will be released - along with the details of the March CR which has Committed funds still outstanding..
