US$3.5 million for starters from remain from Gemcorp US$20 million facility...US$3.5 million under budget effectively...The first repayments don't kick in till around September...
The project must only deliver 2 tons per hour at 60% recovery rates and will still run at a substantial free cash margin...Wet commissioning has now begun. They only expect to run 7000 tons of material in the first full month...US$300 thousand per week is nice number to achieve early on...
Regards Croc
US$3.5 million for starters from remain from Gemcorp US$20...
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