Is inflation going away in a months time or year? I don’t think so. It is badly impacting around the world now and cutting oil production from May to December 2023 will make it worse, so gold isn’t going down for years or it will fly to new high.
In terms of kcn we have spending for plant 1 and working capitals now and until plant 1 running smoothly, current Akara employees are around 260 + another 850 will be employed next 7-9months, plus exploitation expenses 2.5m (might go up).
(feel free to put the number and calculate the money they need because we can’t avoid paying those expenses)
Few things will make it difference 1. A big fat loan 2. A buyer who wants to buy NE (RSK isn’t ready for cheap deals), plant 2 getting exceptional grades like 0.8g or 1g per ton.
All those set up costs are coming within 5-9months after that we have a profitable mine with 40-60years mine line. My bets are for 2024 ….
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