Furpo,
My earlier response Post: 17390401 to your statement " Why are small crushings not being used to generate cashflow".was moderated as it was said to be unsubstantiated.
So to clarify and substantiate my earlier comments the company has been doing whatever it can to raise cash exclusive of mining, including:
From 2015 Annual report Page 6
"Annual gold production for the Financial Year was 984 ounces, the majority of which came from outside the published ore reserves. Material was sourced from surface soils at the Imperial mine, for which an ore reserve and mineral resource have not been published due to uncertainties on grade continuity, and also from
clean-up of the processing plant."
From June Quarterly 2015 Page 2
"The mine site has also taken the opportunity to undertake a major scrap metal reduction program that was completed. This removed unwanted spares and other material for sale,"
DYOR My thoughts and ramblings only
Add to My Watchlist
What is My Watchlist?
