tala hamza update doubling of production, page-5

Anytime I see a company, particularly a junior, annmouncing a doubling of the production rate, it means one of two things...

1. The project is much bigger and better than originally thought, and can easily handle the extra tonnage and is so good that they will still be able to raise capitla to build it.

2. The economics at the lower tonnage did not stack up, and they need to double the production rate to make it economic.

The second option is probably OK for a major who has access to plenty of capital (although all this changes last October....), but for a junior, it usually indicates problems...........

Which one?

Process