And the price keeps going down ..., page-5

Hi Nij

On one hand you say they should have concentrated on Mallee Bull to generate cash flow then grow from there and yet you say no takers for an offtake and funding is to hard? Aurelia have just arranged funding for Federation and you might be better informed by knowing the reasons why they didn’t start mining Mallee Bull include a better inferred drill out, permitting, critical mass in terms of mine life and that why it becomes more cost effective to have one central plant fed by at least three projects so mine life should be many decades.
Notwithstanding above we know Wirlong Wagga Tank and Southern Nights all have strike and depth potential so does Mallee Bull being a typical Cobar deposit so that’s why off-takes make sense as they are bespoke and somewhat flexible to grow and repay concurrently!
I’ll brace myself for a positive comment from you one day mate, I’ll have the Bourbon ready lol!!
Sarg