60 meter below the ground.How big is the area? Is it something...

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pekopoko

65 Posts.

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12/02/20

20:17

Post #: 42896657
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Originally posted by NL57: ↑

well Mr 2ic,
perhaps you could explain the massive fall in the SP.
it doesnt align with your statement.

I think you could discuss on a better all encompassing assessment.

Here are a few queries for you to educate readers here...

1. Surely a payroll and staff establishment comparable to a Blue Chip stock is cashburn especially when its a junior minor with no income..... Correct?

2. With such huge cashburn, i read $55k / day, and no financing after months of trying, any capital raise is going to be so very dilutive now. Do you have any views on the level this could be? ie will holders be left with 10%, 12% or even as high as 15% if funding is achieved?

3. it might be a great resource as you expouse, but its 60m below ground in the middle of nowhere. Correct ? Do you have any comparative HMS data for product transportation to port?

4. A simple issue........how will workers and miners go in, go out, no airport? Your thoughts?

5. and all product to be trucked out, correct? Any take on the ability of roading being able to handle constant tonnage in transit?

6. and can you discuss risks around the offtake agreement? This to my mind is more fundamental to the project than what is in the ground.

7. can you estimate the impact of coronavirus on Product prices and demand for the next 12 months?

is this likely to affect Offtake agreement revenues and hence become more of a barrier to financing?

8. and finally, at what level do you expect any CR to be pitched at? Given the drop in SP what do you think take up % will be, will it need to underwritten, if so, who will do this.

Am looking forward to a lengthy essay as no doubt other readers in this forum will be.

It may help rebuild confidence in the stock at this late stage.

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60 meter below the ground.

How big is the area? Is it something like 170 square kilometer???

SFX Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
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