The only problem with mining Speewah was the capex was monsterous and would never be funded unless there were massive changes to the setup and capex was reduced by at least 60%. The resource is massive but low grade and mines are a long term project that need very deep pockets.
On top of that the prices for construction have increased significantly for most projects over the last 18 months, so Speewah would be $2 billion+ in todays $'s.
I don't think they have the faintest idea what they are going to do with it yet, a JV would be the only viable option but they would be virtually giving away 75% of their equity in the project to the partner, could even be more.
They need to be making money from the HPA project for a number of years to get a war chest to persue other avenues.
After HPA is sorted, then gold will be the next cab off the rank, but that will NOT be cheap either, provided they can get a viable/mineable resource. Gold mines aren't cheap either.
Best option for most holders, including management, would be a buyout. No idea of what a reasonable figure would be but the big boys would no doubt lowball TB and the board.
Keep the HPA business and have a nice little earner into the future as EV's are not going away.
Just my thoughts
Rayda
KRR Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
(20min delay)