The other thing to keep in mind is that it is not Vango sole decision on timeline to bring any particular plutonic dome marymia tenement into production but rather a 50/50 committee decision where commitee vote split evenly between Vango and Superior. It is in Superior interest to slow walk any production decision for plutonic dome tenements because Superior plate already full for next 24 months with investments being made in 100% controlled properties such as plutonic underground, main pit push back, and Hermes open pit restart. Also the Superiors idle 2d process plant, which is the mill earmarked for plutonic dome feed since Superior other 1.8mmt mill is already full, 2d mill need a 12 month long refurbished costing aud $25mm. Hard to see Vango realizing any revenue from gold sales for 24 months, minimum. How will vango cash burn be financed until 2024? Equity dilution? More borrowings?
VAN Price at posting:
3.7¢ Sentiment: None Disclosure: Not Held
