G1A 0.00% 5.9¢ galena mining limited

Ann: Positive Operating Cash Flows Achieved for September Quarter, page-19

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  1. 363 Posts.
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    Obviously key risk here is liquidity but with a strategic partner who most likely doesn't want to operate the mine itself or see disruptions to their product it is slightly "De-risked".

    For all the people who may come for me saying that's a dangerous assumption, I agree. Although it is much better having a strategic partner in these instances than not.

    As for progress, they are hitting good development metres (~800m in Sept). Efficient mining relies upon having multiple fronts open and development is key to that.

    It's Liquidity vs Mining Rates. Stay tuned.

    Pretz
 
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