IMO:
CLZ are in about $24M+ in debt so by the time this occurs they will be lucky to make anything with increasing costs and regular debt repayments at 33%
A BIG ZERO return for shareholders!
Can they get a refund for the Gekko?
All inferred resources at KAT GAP which haven't been updated since 2017, why not???
Also with costs how far would ore need to be transported for processing?
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- Ann: Classic secures $10 million to take Kat Gap to production
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Ann: Classic secures $10 million to take Kat Gap to production, page-147
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