1) The 1,011 ounces is purely an estimate. This is their estimated ounces of gold that is sitting at the ROM stockpile.
2) TSF design has not been completed - this will take a while which in turn means it will be a while for the gecko plant to be assembled
3) If CLZ is calling themselves a producer, they should probably disclose their AISC.
4) The company is in a massive debt spiral. Even if they manage to process the ore and sell the gold, thats only ~$2.6m, their total debt is around 10m+.
5) No updates at all on the water????
6) How do they spend that much money on exploration during the year, with no improvements to the resource or conversion of resource to reserve??? Given they are a "producer", where is their resource definition drilling??
7) what was the total cost of the bulk sampling? I'd put money on them losing $2 on every ounce they mine.
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classic minerals ltd
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