Barely creating enough operational cashflow to fund current exploration and Coolgardie activities. Unless some serious cash creating quarters are ahead they can't fund TI without putting there hands out AGAIN. Big players waiting to be offered at a 20% discount in my opinion.
200k OZ p.a. means nothing if you're only treading water and feading the mouths of the families who work for FML.
In fact its almost like we're throwing away what little reserves we have for little gain.
Need some serious "Focus" on higher grades and cash creation. Rising Gold Price is far from a given.
ann out: ti large extension, page-16
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