so what exactly are they going to spend $300m on to restart production. They will already have:
- a very well maintained $300m mill/plant
- the decline will be finished
Sure they will have to buy some mining equipment like jumbos, Etc but that won’t make much of a dent in $250m. They will need some working capital and cash for drilling but unlikely to go over $50m.
No idea why you think it’s going to cost $250m to restart production.
Ann: High-Grade Pepper discovery extended, page-84
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