It does not require more cap raises. that's just misleading. I am saying and have always stated, don't bother mining tailings when there are higher grades elsewhere. Focus the money you do have to get the best return. The cost of mining it may be slightly more, but the return from this far outweighs the increase in operating cost. They're sitting with $40M in the bank as per the last update. By skipping the tailings and going straight to satellite pits that could very well have been 50-60.
And your logic of, we will avoid cap raises by doing it this way, but we've had 1 cap raise, are in the process of a second and want a further debt facility of $50M falls under what? opportunities for institutional investors and share holders but most definitely not cap raises?
and what's your point of crushing? the circuit is there, it's been running at a rate of 3Mtpa with spikes to 4.5 equivalents? so again, no additional money required for crushing as they have been spending that money already.
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