There is no point in getting into this share until a capital raising is done. It will require $70-100 million to restart the CC mine, and it will take about 1-2 years to restart, and before this, it burns cash gradually. Next year, probably there will be rain pouring down during the wet season again, if you have been to this part of Queensland. For now, it is a cash trap for reparing and fixing.
29 Metals General Discussion, page-369
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Change
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