very clear why they have 2-3 rigs defining Ban Chang. The first of the MSV + dss mixed to go through the current or upgraded plant for early cash flow to supplement downstream costs and continued drilling. Also means less shareholder dilution!
We need to remember management hold 14% of shares. The more dilution, the worse it is for them
Anyone have any idea what the cost to set up an underground mine for ban chang would be?
Ann: Blackstone Strengthens Team to Build Ta Khoa Nickel Project, page-31
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