AZY 3.57% 2.9¢ antipa minerals limited

Ann: Successful $5M Placement, page-39

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  1. 1,003 Posts.
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    can you explain how a small cap company can go into production without taking in debt? i don't think I've ever seen a company build a mine and everything to go with it without somewhat of a debt funding to get the ball rolling? that's why they've always got a plan which could take years to pay back. this mine has got A LOT of ounces of gold so it's got all the time in the world to pay it off? only thing like what you said if the gold price dumps fast then that's a big problem.. that's why I've been wanting AZY to produce the studies to see how viable their resource is! there's no point of drilling away and diluting shares when if this project isn't even viable? but management keep pushing it back further. we already know what this resource has and what's in the ground it's not like they are going to hit very rich grade gold because we haven't hit one yet. i guess you've just got to learn to sell out in the hype and not dream one day you are going to have a company from explorer to producer unless they've got a tier one resource which AZY doesn't have
 
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