"Will/can they lock in the current gold price, for the toll mining agreement?"
Face value that seems a good idea , but you are then trusting the third party processor to process the ore in a timely fashion , and given that processor is partially owned by the same entity that also is a major shareholder in CEL there would definitely be a conflict of interest with hedging forward production .
I am surprised (but happy) at the share price going up today given the high costs shown for processing in the feasibility study , the big dilution that occurred with the placement , the delay in mining to later in the year .
On the flip side there is now less corporate risk due to the raise , and the mining and cartage costs were ok IMHO .
CEL Price at posting:
10.0¢ Sentiment: None Disclosure: Held
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