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266 Posts.
32
06/05/19
12:46
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Capital raising unlikely. No one escept management will top up even then just enough to tax purposes and accounting fluff.
but shallow gold from a mine that hasnt been looked at for years is a smarter move comparatively.
question. Where does managment think theyre going to get $5m from? Definitely not from any CR.
a JV to get to cashflow on a cheap mine option for a potential 50koz estimated from historical data. Hmmmmmmmm.
at least there are more peoplee involved which is a good sign. Bring on venture cpital to accelerate progress.
plenty venture capital firms the vet projects like this and invest on behalf of angel investors. They love gold projects
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