low grades, page-17

Dont forget that they are going to put Phoeniix's ore through their mill as well.

"The ore generated from Phoenix Gold's AMP program will supplement the Company's own mining and milling
schedules and enable the mill to optimise throughput.

The income stream generated by the treatment of
Phoenix Gold?s ore will assist in repayment of the cost of the mill and ultimately increase revenue and profits."

So they should be able to pay off the debt quicker with that stream going through.

I cant recall offhand when the mill is due to be up and running.