I was having a look at GL1 EV 450M. Cash 60M. High strip ratio, 500M Capex estimate back in feb based on PFS. DFS will blow out the early estimate. Burning 1,5M per quarter for admin and corporate. GLN consuming ~1M so 30 % less. DFS recently done for phase 1, so estimate more accurate. EV 220M half of GL1. GLN stair case approach to full production with 45M in the bank or 30% of the capex for phase1.
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