Well nicto, maybe the "assertions that it would be cash flow positive" will prove correct, except that it has taken a change in ownership to bring this about - and in the long run JRV stands to benefit too, via the royalty to be paid on gold production by the new owners.
Not much consolation I know, when you think that with more successful management, it might have been JRV getting the full benefit, not just a royalty.
I thought it rather interesting the Chairman's recent comment that JRV could sell the royalty flow for a lump sum up front payment.
If they could get say $10M that would be enough to keep the company solvent and pay salaries for a few years.
potash ??? at lake barlee, page-44
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