Juno Minerals is currently planning for the development of its Mount Mason DSO Hematite Project, with production targeted to commence in Q2 2022. Development of the mine will require further funding, and the Directors are confident of the Company’s ability to raise additional capital as and when required. In the event that the development of the project is delayed, the Company has prepared a cashflow forecast, which indicates that the Company will have sufficient cash flows to meet all commitments and working capital requirements using existing available cash, for the 12 month period from the date of this report
Juno Minerals is currently planning for the development of its Mount Mason DSO Hematite Project, with production targeted to commence in Q2 2022. Development of the mine will require further funding
Shouldn't there already be a capital raise if you want to start producing in Q2 '22 ? Hope we find out more soon but it is not exactly confidence inspiring until now.
JNO Price at posting:
11.0¢ Sentiment: None Disclosure: Held
