gold could go to 3k and they still wouldnt get the cash to start the project
swaning around is right, they dont own a thing until the produce, the have to raise 40m USD to even get into production, bfs is no zero chance, the continue to burn fill the pockets with investors cash, chasing after the next rainbow they might imagine.
And the projects screams of risk anyway, trying to turn a 400 year old tunnel mine into an open cut, that carves out all the old workings is geological roulette . How are you going to do a bfs when you have a site riddled with old workings, how are you going to get consistent grade expectations, how are you going to model it and as a result how are you going to get investors to invest in it.
JK has the track historyu of a thoroughbred mule, he hasnt won a race yet he keeps entering the Melb Cup like hes a real prospect. Yet hes got the folks from the local Chinese take away ready to roll everything they have into it.
Snake oil all the way, at least he has $4M in the bank, he can keep up these fantasies for year and gradually drain the cash into his and the directors pockets.
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