Unfortunately this is why I’m not currently buying at the moment. I may be reading the play wrong but with current delays that a lot of companies are seeing with the EPA I’d focus on longer term projects like Biddaminna and McCalls (although only a new acquirement).
McCalls could be a cheap setup by trucking the ore down the road to the Boonanarring rom pad for processing until capex is sorted for a new plant at McCalls.
I don’t like the idea of moving plant or building new plant for a short mine life. Unfortunately I’ve seen that go pear shaped in my time mining even if on paper it looks profitable.
IMA Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
