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0.1¢ classic minerals ltd

Ann: 93,000 Oz Inferred Mineral Resource at Kat Gap, page-24

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13Beast

78 Posts.

13

01/05/20

23:42

Post #: 44391673
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Originally posted by zencol: ↑

If you read the ann you would have seen that CLZ have a
$5 million credit facility that they can draw on if needed,
also the fact that they are in negotiation with mining contractor
for a JV operation at Forestania and hoping to come up with a deal in
a couple of months, this would probably negate the need for a CR.
If the JV comes to fruition then we will be one of the rare small caps
that is self-funding its operation.

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And I presume a SP that will increase markedly upon successful announcement of a JV?

EDIT: I am now a holder

Last edited by 13Beast: 01/05/20

CLZ Price at posting: 0.1¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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