TGM 0.00% 17.5¢ theta gold mines limited

Ann: Positive Theta Hill Open-Cut Gold Mine Scoping Study, page-43

  1. 1,529 Posts.
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    Interesting story and excellent figures.

    But it seems they need short term fresh money. As i understand it, the 5 Am$ placement was already used for repayment of loans and Q3 exploration. The cash box should be more or less empty.

    According the new presentation next steps are more drillings to convert ressources into reserves, commence plant engineering and planning financing early 2019.
    As i understand it, they need one more short-term exploration funding step befor they finance the mining operation.

    This project will found for sure supporters for further funding. The question is: Are the sophisticated buddies willing to pay more than 1c or will SP held back in the next weeks ?

    But SWJ offers a good value for 1c. I'm thinking about buying some after the funding issue is clarified.
 
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