Have a look at Hillgrove Resources (HGO).
Market cap of circa $60 million
No debt
They have mining approval
They own their own processing plant valued at around $150 million to $200 million.
They need around $20 million to resume mining - likely to be debt financed rather than cap raising.
Final investment decision to resume mining very soon.
More drill results soon.
Huge upside to keep the mine going for a very long time.
Disclaimer: I hold shares.
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