I guess when your first sales are at $12,500 /t as opposed to the ES assumption of $13,500 its a given that cash balances will be falling a bit short during the ramp up.
As you say if $10m solves the problem and gets us back on track to bringing in the third jumbo on board to ramp up production aas well as drilling the deeps sooner then its well worth the bit of dilution. You have to love having a bigger cake.
Ann: Notification regarding unquoted securities - HGO, page-14
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