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clock Created with Sketch. 04/07/19
15:16
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Originally posted by Gazzajohn:
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Almost nails the processing plant at KOTH. Management's comment screams out "lets do it". Just a matter of how big. From recent plant builds (DCN's 2.4mpa plant etc) we will probably need about $130 mil, although we do have existing infrastructure to lessen the capex. My hope is that we borrow the entire amount. Debt is not a dirty word. With a bankable reserve of around half a mil oz, reducing interest rates, and a rising gold price we should have no trouble getting finance.
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The last presentation indicated a 2-4m tpa plant was being considered .... such is the enormity of this deposit (and surrounds perhaps) that a 4m tpa is the most likely ..... making KOTH a tier 1 asset. Darlot and Siana remain cherries on top of this rising cake.
(20min delay)