CLZ classic minerals ltd

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-3

  1. 2,083 Posts.
    lightbulb Created with Sketch. 323
    KAT GAP is less than 93k of only inferred ounces and that is the only resource with a licence to mine:

    https://hotcopper.com.au/data/attachments/5010/5010346-1200e58506a378f5068726ff053dfd6c.jpg
    IMO

    Who's going to get paid first if they ever produce?
    Those that are owed $45M (in DEBT) or SHAREHOLDERS?

    NOT SHAREHOLDERS!

    This is a lot of DEBT and more to come so it will cost potentially around $150M ($100M loss to date + $50M funding) to extract 94k ounces!

    UNPROFITABLE, shareholders have been used as a piggy-bank!

    Last edited by tipster: 30/01/23
 
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