Not just decent cash balance, it's excellent, with all the options in the money, once converted, that is Another Circa $7 Mil cash available. Currently, well funded to complete the entire campaign, possibly with change left over, won't cost much at all for us to recommission the plant.
Crazy announcement, was wondering why they were taking so long to release further information on The Ridge, Mclaren & Mcintrye, it's because it is continually growing by the day, crazy discovery, the extent of the BIF host lithology, which is host to the very high grade hits we have been getting is massive. The numerous displacements and the fault controls is highly prospective with very high grade zones around these faults.
Still early days, Still Open, geological model not complete, awaiting further information, but it has been mentioned numerous times that these 3 deposits could link up into one!
1.1 Km Shillington-Ridge target untested & undrilled... Exciting!
Several deposits within 25 Km of our plant, plenty of consolidation or toll milling options there. 100% this will happen, resource is worth much more processed then in the ground, Profit Share, plenty of $$$ to go around! Who knows how high the POG will be in 12 months. Perfect timing for MDI!
Perfect timing to buy and hold till first gold pour in circa 12 months time (min for CGT purposes)
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