+$8 Mill in the bank to tide them over, 6 thousand oz production per month (approx $10 mill gross income p/m), sovereign risk at all time low what's not to like about RED at the present
Should have the drawn down facility paid off safely within 12 months at a lazy $1mill a month
We haven't had a lot of "luck" getting this mine up and running but hopefully that's all behind RED now
Imagine how everyone would have bagged the Directors & management for not having the foresight to plan for these contingencies but appears they have
Sometimes we have to give credit where credit is due ;)
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