Goedy would you be happy if they said it would be at lest 2025 before they are profitable??? Obviously if they buy another distressed mine that could push it out another year or so.
The way they present the information makes it very hard, but I can't see how it can happen this year. I asked Plonka some time ago to take his own advise and do some research using the BFS but he did not reply and has gone quite. but this presentation covers it.
So on top of the continuing operational losses and the capex program over the next 6 months to double crushing capacity and other items. The honey hole in the bottom of the pit is going to run dry in may. They then need to move millions of tonnes of waste to get back down to the ore body. That is going to take a serious amount of time and $$$$
Yes they are going to go back to processing the LGS but that has not worked well financially before and with out the crushing capacity it will significantly limit the amount of feed to the gravity plant.
What's with 450t at 50% for Saloro. Surly that must be a mistake because that only 350t at 65%??? regardless it does look like they are going to be much help.
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