over the next 6 mths, none.
supply and demand re-balancing will take 1~2 years to drive out the high cost miners.
a better question is where are they going to find the $50million to develop the mine.
and they also need a capital raising soon to keep going - otherwise its moth ball time or worse still RIP time.
It looks like they have a good resource but they need capital to develop it.
Ann: New High-Grade Mineralisation Discovery, page-11
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)