Nice post mate! I would say to look back at the announcement in 2022 that shows recoveries etc 94% for the gold from memory.
The 2nd point I don't think is an issue and they did pay down the debt via the last placement.
3rd yes I think this is the main one but with the 2 mines there currently the infrastructure is good - in a different gold sentiment market that 165M capex will look like peanuts IMO
Resource already 1.62M ounces with 600k being in reverse at a great grade and lots of easy pickings to bump that over 2M once capital becomes available.
If they can sort out some non dilutive finance to do a bit more drilling and give the market confidence I think this will change the stock completely.
it's also worth noting the tight capital structure, it's a disaster on the way down like it has been but a god send on the way up!
MM8 Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
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