100,000 ounces (+25% on current) per annum capacity, ability to include many more deposits as Ore Reserve, able to include lower cutoff grades as Mineral Resource, increases in mine life.. All for $40m.
The extra 20,000 ounces per annum pays for it in one go.
With $27m cash on hand the company needs what.... $13m for the plant? Two quarters worth of currenr free cash flow?
Looks good to me
Ann: Expansion Study Update, page-4
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