So quick calcs:
- Osiko deal was US$15m, lets call it approx AU$22m, with most of that spent in 12 months even with minimal drilling - appears those promotional trips sure add up.
- Current CR is for AU$30m, who knows how much will be wasted rather than progressing Costa Fuego to a revenue generating mining hub, lets say another 12 months as history shows HCH won't be able to make the money last 18 months.
- No doubt the PFS will be delayed another 6-12 months, must be awesome being a HCH geo, other than the odd competition fark knows what they're all doing?
So, omitting any further excessive land grabs and/or funding MB's team to drill more dust, how many years at around AU$20m do we need to keep the lights on until HCH actually start progressing / building the mining hub!?
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