capital raising, page-9

Mal wrote
"If trial mining is successful they will be cash flow +."

I think you are saling a little close to the wind with that statement , maybe if they get some grade factoring it will help but they are talking of costs that work out at 8 grams a ton on 12 gram a ton average head grade/
That leaves only 4 grams a ton to make the profit on 3000 tons of ore over 3 months that would have to be less than admin and other expenses
Say 4 grams is worth $150
$150 * 3000 = $450,000 in 3 months

And Max told me he they didnt budget it to be cash flow positiveit was just that "trial " mining