The cash burn in the last quarterly was huge, the SPP at current cash burn rate would likely only keep us afloat until the de-merger or just after, mining the tailings and satelites at 10,000 ounces per month is not going to keep the lights on. Regardless of what management has said in the past, we would be in a far worse position in 3-4 months time, coming out as a gold only business with cap in hand. That is just an unavoidable reality... Debt is also an option, but we don't know the terms and it could be a far worse proposition, particularly if the gold price tanks.
FFX Price at posting:
75.5¢ Sentiment: Buy Disclosure: Held
