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Ann: Non-Renounceable Pro-Rata Entitlement Issuer Prospectus, page-34

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Bugwan64

787 Posts.

139

12/08/22

23:59

Post #: 63090138
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Originally posted by Justis: ↑

It's noted in the prospectus that first year of developing mining and treating Smarts underground there will be a net loss, year 2 and 3 will be very profitable then on current ore reserves year 4 still brings in a profit but ore is exhausted

But that provides a decent amount of time and cash flow to prove up more ore reserves in the smarts underground, I imagine doubling LOM for smarts under ground is quite realistic and that could provide $80m net cashflow over 5 years.

There is also a potential underground mine a Hicks Deeps, just wishful thinking but there is the possibility of a continuation of gold bearing ore right along the Smarts/Hicks shear at depth

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Nice Justis

Cross your fingers, toes & anything else you can think of.

Built a road for millions with spectacular hits everywhere amounting to zero.

Now chasing 89000oz way underground & speculating on more.

Not for me but best of luck!

TRY Price at posting: 3.0¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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