Another very good point.. capital raisings cost money, i was...

Another very good point.. capital raisings cost money, i was thinking the exact same thing. They have 5mil in bank now since they sold those shares, probably more since interest is being capitalised and profit is being added to the bank account.

They could indeed be able to fix the mine with the cash on hand?


Current Calculations:

4,200 production x ($3.11 - $2.2) * 2,200lb = 8.4mil

Loan = 200mil x 10% (Interest) = 20mil p.a. /4 = 5mil per quarter..


We are looking a bit better i think..