I just read the Sydney Resources Round-up and I cant find any details of how far they are from planning production and cash generation.
I note they have a payback of just 9 months....From when is my question.
They say the combined group has a strong balance sheet with ~ $22.3M in cash and no near term capital raising requirements, but depends on how long till the first gold is poured. Could be a CR if???
Just sold GOR today and looking for next gig
Cheers
Sparky
Ann: Group MRE Increases to 1.76Moz - Inclusion of Spargoville, page-11
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