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!
Ann: Step out hole extends Gem 140m down plunge to 400m, page-9
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Last
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Mkt cap ! $17.84M | |||
| Open | High | Low | Value | Volume |
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| Last trade - 13.08pm 21/05/2024 (20 minute delay) ? |
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| Last updated 11.44am 21/05/2024 ? | |||||
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