Shooshka, Speedy and others,
While it would be nice to think that the Company has been busily mining away over the past few months while we await the mill allocation the reality is that this is highly unlikely to have happened. From a pure risk management point of view there is no way old Zeff or his board would allow the Company to run down the money in the bank until such time as the mill allocation is granted and the ore can be sold. They would be accused of incompetence by shareholders and advisers if they ended up with say five thousand tonnes of ore on the ground, no way to sell it and having to look at whatever planB may be and with an imminent capital raise at a vastly reduced price.
Instead I would be fairly certain that they have preserved their cash and WHEN the mill allocation is granted they will continue mining allowing positive cashflow and an increasing cash balance.
I'm hoping that allocation isn't too far away...
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Shooshka, Speedy and others, While it would be nice to think...
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