The Mt Carbine gravity plant is currently producing about the same quantity, perhaps more than this
Err that would be a hard no. Not even close. Those following the company would understand. The JV is producing a circa 50% concentrate, then you need to divide that in half again for CRONIMET share. They then buy the other half for a sweet deal at the gate.
We all have to do our own financial analysis
Yes so if we compare in round numbers. EQR revenue for the last 9 months of $5 million. While from your post. Panasqueria mine for 9 months was $20 million and was cash flow positive. So the fund raised for Sangdong are not being eaten up funding the operational losses unlike EQR.
But Thanks for posting, I have not had not looked at them for 12 months or so, because I did not think they could get the finance. It is a massive project and the presentations looks impressive with them fully funded and fully permitted. Construction is being done by Metso Outotec which is very experienced and highly regarded, so it full steam ahead.
One of the biggest issues when you flood the market with such an increase in product, is what happens to the price. But with the floor price locked in at $235.00 USD that takes care of that.
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