They know where the high grade gold is in the stope release from the other day, so the question is whether or not they can hit that first and get the $4-5m approx revenue from it, or if they need to go through the lower grade 1300tn to get there.
There's definitely an exit road here that doesn't require any further money, but there's risk in that. My view is that Roger's not one to play with the future of a company an dthe jobs and livelihoods of employees, but equally if we can be mining within a month and get the concentrate off for sale then we're off to the races.
With that additional $1m drawn down subsequent to quarter end, I think we're good to be honest. My money is on no CR, but I wouldn't bet the house on it. That's bet on the VTX heads and tails for the long term
VTX Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)