Still quite dubious about this. Seriously long way to truck ore. Much further than other trucking situations in the eastern goldfields. Way too many SOI post deal. Way too much in payments to directors. This is a big red flag to me. How much to fix the mill and get it going?? This always costs more than initially stated. Is the mill on the grid or does it use (expensive) diesel generators? I am guessing $50-$70/t milling cost + $40/t for trucking. So anything less than 1g/t gets left in a heap at Menzies.
KWR Price at posting:
3.6¢ Sentiment: None Disclosure: Held
