For mine theyz be buzzin round with the intent of re-negotiating @ $40 mil with Investec...option swindle/settle etc - based on past behaviours & future requirements.
What would the minimum parameters be to enable feasibility?
Outstanding creditor debt @ $40 mil already give or take $5 mil included in the equation.
$5 mil running costs per month break-even
New mine @ $25-30 mil as an outrageously gross guesstimate.
Working funds ongoing @ $10 - 15 mill with a half a mill in the sandwhich bag for the geologist which obviously goes without saying.
Target LOM number pencilled based on acceptable duration with which to implement saleable feasibility to creditors, prudents & the like, & based on the current LOM & outlook from immediate operations - @ sweet f/a, is @ 250 koz.
Minimum - 50 koz pa 5 year - fondle Dynamics likely suiting the detail.
Importantly overhaul company policy to require sustainable in-house practices with the inclusion of company/finance performance measures not limited tor reductions in base salaries, director fees, trading practices etc incorporated with apologies for the incompetence enclosed.
Go figure
Go Gold
Go & Get F**'d It!!
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