I’ve been critical of the company for their missteps in this restart phase but some of the negative statements ( like insolvency and merging). Are just way to negative. The company actually has little debt. They have a proven business model.
They will start plant 1 in May putting through low grade and ramp up to higher grade starting in June.
We know what the total mill throughput will be and what the grade will eventually be.
I don’t even think a small capital raise is on the cards.
If I wasn’t fully loaded I would be buying more. $2 per share end of June. Wait till some other brokers start coverage now that we are nearing full scale ops and the financial cloud is lifted from us. Stock will rerate.
March quarter predictions, page-8
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