Yes, it would have to be at least that. Rainy season must be well and truly set in by now. The company's focus will now be on updating the mineral resource estimate before the end of the year.
If the MRE shapes up economically – and all the signs are that it will – the company will need to turn to the feasibility study. After that, there are too many options to really know what the company will do. Monetise Kouri? Consolidate and raise capital? Sell Massan and Bereko? Joint venture?
GMR Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
