Well it wasn't mining in 2022 unless you call the underground reconstruction mining. However, wouldn't fault Scott's estimate on that seriously tricky as a small company to sell the message and get that initial funding to go mining it can make or break a company and projects can start up decades later and go through 2-3 different CEO's until they find a way to convince investors to part ways with their cash.
In general I feel being an established mine and low capex has won the day. Your Harmony's and Sibanye's are only ever good for 1-2 additional projects at a time if your lucky and they aren't burdened down with debt and running their existing operations, to get the industry growing again in SA they need to cast a wider net as they have done with IDC funding west wits and Theta gold seems to be progressing as well. Eventually that possibly means 2 new entrants that will look for a secondary project etc.
I'd like to see at least a little surge in SP on mobilisation surely as it becomes a countdown to having revenue and some profit, 5-6 months until shipping to Sibanye then should be a further uptick in SP and so on.
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