HFR 0.00% 29.5¢ highfield resources limited

ouch: Mining Concession = Timeline: estimated 3-6 months after...

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  1. 3,779 Posts.
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    ouch: 


    Mining Concession = Timeline: estimated 3-6 months after DIAaward


    Construction Permits = Timeline: estimated 6-12 months afterDIA award


    so....DIA (hope by year end?), mining concession + 6mths (mid 2019 - possibly longer given history) + 12 months Construction permits = mid 2020.


    F_K me. mid 2020 + 3 years to construction = mid 2023 mining at best.


    4-5 years of cash burn @ $2m per qtr = $8m per year......


    we'll need capital.

 
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