It won’t be cash flow positive until they get to critical mass level of production. @15-16,000oz it will be losing cash or breaking even. Solid state ASIC is over the mine life. You can’t expect it to be the same asic rate @16,000oz /yr as it will be @50,000oz/yr as overhead costs will bite hard on the low oz years of production and then average out over time. Have none of you guys ever run a business? This is not what MQ told me 30 months ago with a fast 90,000oz startup by end of yr 1 from the Bird Reef and Shallows to drop back to 60,000oz before building again, back then it was a $30 million startup. Hopefully there’s a buyer waiting in the wings for all your sakes.
WWI Price at posting:
1.9¢ Sentiment: Hold Disclosure: Not Held
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