Hi Kirk,
yeah I hope it's not the case that another CR is possible. I am not a expert in regards to the cost starting up a mine and bringing it to production. Others may have some input on that.
Our directors are pretty frugal as we are all aware. I think we raised around $6.48mil last CR. We have been drilling & purchasing mining equipment worth around $1mil during the last quarter.
Last quarter we had $4.5mil in the bank. Is that enough to get us to production? Regardless we are still in a awesome position.
So excited for the upcoming Auger drill results and if all goes well, we could be mining in Q3 as per the last announcement.
All the best
Fitzy.
Ann: Mining Approval Received from DMIRS, page-8
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