Havilah's Developing Projects, page-65

I agree. Kalkaroo decision could make or break HAV now. It's hard as a small miner without broker support and you have to tap shareholders for more money or US loan sharks. They do have assets but what is their worth if the company holding them is trying to stay afloat, i'm fairly sure the Chinese will be watching all this closely.

Remember these heady days of 2015:
"Once reached, the 67,000-ounce resource is easy to extract, as it consists of “rich patchy” gold that doesn’t require cyanide treatment. Post royalties, both parties are expected to pocket $39m each. Or as Giles puts it: “Within 18 months we can generate an income equivalent to our market cap.’’ Giles even utters the dividend word, noting that a few grey-haired holders — not that they were when they invested — would appreciate a payout."

If only.