Quarterly mainly a rehash of PFS......
During the PFS webinar we were told that they believed they had sufficient funds to complete DFS.
They also expected DFS to be completed by 1st quarter 2025. I note in this quarterly that DFS is to commence current quarter (hasn't commenced?) so unsure if they are running to same schedule!
As per the time line below the DFS is next major milestone and after completion of that will be the financial/production decision. That will be when they need to raise funds for working capital and developing the mine.
Of course after the DFS RHK should be rerated by the market and hopefully not necessitate raising more funds at these levels. (It will be annoying if we need to raise some working capital prior to completion of DFS if there is some delay, although delays can often be expected )
The PFS also noted that construction of Badger Camp was to commence late 2024 and once production decision is made (DFS completion) it was expected to take 3 months to mobilise the contractor for mine access road with mining and crushing contractors mobilised 3 months later and first ore expected to be trucked 6 months after commencement of mine access road.
Clearly the DFS is now the key......
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Quarterly mainly a rehash of PFS......During the PFS webinar we...
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77.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $153.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 75.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
80.0¢ | 18036 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 0.750 |
1 | 25 | 0.740 |
1 | 15151 | 0.660 |
1 | 10000 | 0.650 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.800 | 18036 | 5 |
0.820 | 3673 | 3 |
0.830 | 2941 | 1 |
0.890 | 2368 | 1 |
0.910 | 20000 | 1 |
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