Not good that the equity was increasing during 2022 but so was the debt.
Prudent question also - what is the PFS on Boppy? It certainly would have changed since 2019 as they were ramping up to haul to Wonawinta.
There is still no talk of the cutback / potential u/g operation for Boppy - that will consume $'s like no ones business but that is not included in the current cash breakdown?
Also - I note the "$8M plant" consists only of jigs/centrifuges. HOT TIP - Boppy gold averages 3 micron in size. You're not going to get much gold by gravity recovery!!!!
Anyone thinking this plan is a goer clearly doesnt understand processing.
MKR Price at posting:
6.7¢ Sentiment: None Disclosure: Not Held
