I mostly agree with you, most of it is contracting.
However, they still need to pay for the following:
- Village expansion, around $3.6m
- Access road, around $6.8m
- Goldfields highway intersection, TBC
- Railway crossing, TBC
Have a read of prospectus and latest announcements.
They won't be able to mine unless some more capital is raised. Given the IPO couldn't raise more than a few millions when IO was >$200, I question how much they can raise now.
I mostly agree with you, most of it is contracting. However,...
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