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1.9¢ navarre minerals limited

I think you are right Sherlock, and they'll probably be forced...

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Gwaihir

5,171 Posts.

3781

10/06/22

14:32

Post #: 61943365
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Originally posted by Sherlock Buffet ↑

You’re right Gwaihir re raisings, but as you allude to, more importantly the company should shelve the more speculative drilling and concentrate on making Mt. Carlton as efficient as possible. Drill around the plant so they might be able to get easy ounces into the mill. If the mill is efficient and productive, there’s nothing to fear. If the drilling turns out wasteful and the costs of production not reigned in, we’re doomed!

We need the producing asset to generate cashflow, that can then lead to the flashy drill results.

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I think you are right Sherlock, and they'll probably be forced into that strategy if the SPP fails.

Gw

NML Price at posting: 5.8¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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