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Ann: New Wishbone Yttrium Discovery at Mt Stirling Project, page-193

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Sunrayta

4,361 Posts.

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11/05/22

18:28

Post #: 61349416
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Originally posted by 1SunTzu: ↑

Answer... not far. With 1.5m committed to repayments just to see this calender year out, leaves under 2 left for operations and drilling. I am.unsure how the drilling plays out but at this stage it looks to me like they are using existing resources to do the REE drilling. So the additional expense of that comes not from the bottom line but rather a delay in the gold programme. That may change. Either way, coffers will be nearly empty by Christmas
What I am hopeful of and anticipating is a re-rate of the company's sp in order to support a case for better finance on Tarmoola. In that event, you'd probably expect that to come inbthe form as a debt funding finance agreement that covers Tarmoola and forward looking costs of the drill campaign. At the current market cap with barely 100k ounce MRE, we are pissing in the wind trying to get finance now. None of the above occurs... well then, yeah it's probably CR time.

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What's $BULL token worth? $4-5m?? MMG investment $1-1.5m? They have access to capital just depends wether they leverage it or not.

TNR Price at posting: 3.9¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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