Just one further thought.
A 2-3mth delay on fish. Is a 15kt per month delay of high grade ore being processed via mt Morgan’s…. This has seemed on the surface to of had the knock on effect of Alex triggering the 18m loan option on the 6th May.
So in my first post I was pretty nonchalant about the delay… But with further thought one could easily argue a 3 mth delay has had enough of an effect on our balance sheet thus leading them to pull the trigger when they did.
Time is money.
Especially for a start up.
Ann: Fish Mine Production and Exploration Update, page-6
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