SaturnV - Funny how two people can look at a result - one sees a glass half empty and the other (me) sees it half full & filling.
What you also have to include on the expenditure side of things, IMHO, is all the other exploration at nearby tenements, road & bridge construction, drilling etc not just the Morning Star mine development.
This, if you have the patience, is setting the total mining area up for a long life not just a smash & grab effort that will peter out in the medium to short term.
And, if gold value does what all those who have invested here thinks it will then we are are in for the long haul which may surprise to a strong up side within 6mths or so, but that is pure conjecture on my part.
But I would like to know the terms,i.e.interest rate, loan term & repayments and security offered - converts to equity ?
And most importantly of all what is production rate and g/t output? Hopefully this will be an upgraded report by late March/early April.
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