Thanks for the reply Dongoheeler....very interesting indeed & sound right to me.
I emailed Hot Trade a few days agao but never heard back from him - put a few basic questions to him to see
his response.
Think he mentioned a BFS will costs $500k but heard no BFS required as not much capex to raise to place into production so no requirement for a details costly BFS.
How accurate is your info from your post beloe please - sounds very good if they pull this off so no long time waiting for results from overseas ?
"Discussions with SGS Korea are also taking place through Bluebird Merchant Ventures on the ultimate establishment of a purpose build analytical facility. This will negate the need to send samples offshore for processing and analysis as is currently the case"
Do you think they can be in a strong position to be cashflow generative from selling / producing the hanging ore they may find once they get into the mine?
Assume they can raise via debt for the $10m capex costs - so hopefully no share dilution for SAU / BMV
Thanks
Mr Kodal
SAU Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
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