Yup it's not hopeless. But all efforts need to go into exploration to find that high grade starter pit (HGSP) with early cash flow pay-off to boost IRR. No point burning precious shareholder funds executing an expensive DFS. That's putting the cart before the horse. Either way funding required by June or July my best guess. The only viable strategy IMHO is to do a small rights issue and put all of that into the HGSP search. As Metallica once famously said: "Cos nothing else matters ..."
HCH Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
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