Production costs seem too high for a company which was supposed to be just processing 0.5 g/t stockpiles - that is the key issue for me. Of course it would help a lot if they could sell their Chile project to gain some cash, and end their liability there and any ongoing associated costs.
Its possible they will need to do another CR if they cannot gain early access to some higher grade ore and generate extra revenue.
Refurbishment of plant 1 is going to take longer than what I anticipated.
GLA.
loki
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-32
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