Hey @redned71 these are my ponderings to - how can we keep Mt Lindsay on the fast track to production?
Its a well advanced project with low capex, previously stated as 50mil but increased costs recently I'd say more like 80mil.
I mentioned on another VMS thread, that I'd be happy to see us offload one of our projects to assist in funding. To be honest I'd be happy to offload 2 projects. I know this would be controversial with some holders. What would NGG and Kulin be worth and could they be sold outright rather than a JV or royalty stream? Perhaps not immediately but in the next 12-18 months once they have proved up a bit more.
If we could get say 20mil for those 2 projects + 20mil CR and put that with 40mil govenerment or bank debt, could that be a viable strategy to get Mt Lindsay up and running?
Would also be happy for a TO but I cant see that happening at any decent SP.
AIMHO
VMS Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
