@selfmaderiches We only require $17mill pre production capital so we should be fully funded as we've already raised approx. $4mill recently to acquire the morning star plant and the loan is for another $15mill so we've actually secured $19mill so far. You can find information about capital expenditure on their website via this link page 9 & 10 have details of pre production capital expenditure:
https://vertexminerals.com/wp-content/uploads/2024/03/Vertex-Reward-Gold-Mine-Information-Memorandum-030324.pdfd
One thing to note that isn't in the PFS is VTX has an estimated 50,000t of tailings at approximately 2g/t gold sitting next to their plant. This is of importance as it provide approximately 6months of plant feed which allows them to commission the plant earlier while they are executing the mine plan and access early cash flows which can be used as a further financial buffer. Currently tailings are worth approx around$10,000,000 in revenue at current price:
50,000t x 2g =100,000g
100,000/92% = 92,000g recoverable
92,000g÷32g= 2,875oz
2,875oz x $3,500= $10,625,000
As there is no mining and it only requires processing, going by the figures in the PFS processing costs and state royalties would come to approx $2.6mill
$10.6mill - $2.6mill = $8,000,0000 free cash flow
The above cashflow is sensitive to grade, tonnage and recovery but one could say there's at least $5mill-$8mill in early free cash flow there.
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