According to a post from Daily yesterday, "Holden told Proactive Investors that the project could be in production by this time next year". Obviously he is trying to sell the story to these guys, but ABU are usually good with their deadlines and time-frames. Producing within 12-18 months would be awesome. I can't see there being a ridiculous amount of cash burn as it will only be spent on drilling (although 12 months worth will surely add up given the amount of land they have to explore).
There will be very limited capex if we start putting OP ore through Coyote although a smaller profit margin given use of their plant. But as soon as they start earning cash they will probably need to do a rather large cap raising as they'll eventually need to build their own plant and facilities for Buccaneer and the rest.
Sorry, a bit scattered. Studying (procrastinating) for exams.
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According to a post from Daily yesterday, "Holden told Proactive...
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