Thanks Franna - as a newbie here, and a virgin gold mining investor - lots of it is writing things down and filling in gaps for my own benefit. One of my concerns was that, unlike a widget maker, that just keeps on making widgets ad infinitum, a gold miner (and it's share price) is dependent on continuing exploration and finding gold. The below gives me that confidence
The Okvau Project finance facility provides the Company with access to a US$100m Acquisition and Development Facility
to fund future development and acquisition opportunities (refer ASX announcement dated 26 June 2019). Emerald continues
to assess value adding assets for subsequent developments to create a multi asset gold producing company.
https://www.emeraldresources.com.au/sites/default/files/asx-announcements/6934724.pdf
News: EMR Emerald Resources NL Reports HY Profit A$11.9 Mln, page-10
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