If a clear strategy is put in place showing how they will extract a minimum of 33 tons of ore a day over the next 6 months (at 90% availability) then I would think they will get bridging finance.
The grade is there if one looks at the bulk sample results.
The strategy needs to show detail of method of stoping, lodes to be stoped, mucking out strategy (which seemed to be the problem with maxwells) the winder now has the capacity so should not be the weak link.
30 tons * 3/4 ounce recovered * 180 days = 4050 oz = $6M net smeltering charges which should cover just about cover cash burn.
Welcome to be refuted! I wish Nick and Max Garling and shareholders and crew all the best!
MCO Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
