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I'm not a holder (yet). Have they already paid the $5million due...

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87 Posts.

13

30/03/20

16:20

Post #: 43779106
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Originally posted by BobbyKennedy: ↑

Think about it like this, if we’re still at 2c in November, we’ll have:

- a min $8m cash from TF process
- resource of 500koz (after extracting 13koz at TF and excluding a highly probably very large upgrade before EOFY)
- reserves of >300koz (guess)
- PFS, FFS and a plan to build a 750ktpa plant that will produce $40m cashflow pa.
- maybe even be in construction
- EV of $2m

Imagine that. Now take your hand off your junk and stop dreaming. No chance. If we pull this off (pun intended) we’ll be $50m minimum.

Patience is needed.

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I'm not a holder (yet).
Have they already paid the $5million due to the vendor (due 29 Nov 2020)?
Have you considered the 2.5% royalty due to the vendor?
Pardon if my questions are already out of date, doing some research now.

ARS Price at posting: 1.4¢ Sentiment: None Disclosure: Not Held
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