plant up and running, page-16

only held these for a short time but I think they will be in our portfolios for many years.

Really like their step by step approach, rather than the big bang probably go down in flames approach they have got a small (trial?) plant costing peanuts up and running at 3 tonnes/hr and working an 8 hr day. Now they are ramping up to 5 tonnes/hr.

The only limitation to me is supply of good ore. If this is available in quantity then they could first go to 20 or 24 hour days. They seem quietly confident that they will be able to continue accessing very rich ore of 1oz/t +. Even at a bare 1oz/t a 24 hour operation would possibly give $30 million revenue in the next 12 months. So in six months time or even less they could start on construction of a new mickey mouse plant or further expand the existing plant.
Low and well controlled capex so far, no debt of any consequence, no hedging, rich ore, I keep asking myself where's the catch?