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Ore processing agreement, page-6

  1. RnR
    45 Posts.
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    There's also the small issue of whether the Kin ore would ever have made a buck going through the DCN mill.
    At about 1.3g ore it's very skinny, and with haulage to DCN and milling (on what terms!) it'd be marginal at best I think.
    No margin for error anyway.
    What's next for Kin?
    Cash will remain tight over this quarter with exploration, overheads and repaying the Delhi $3m loan all cash out the door and even tighter if DCN go for a capital raise. They could go for $50m so for KinDelhi to not dilute would be another $5m!
    All that after raising say $8m now in Feb and probably coming back again cap in hand in April/May.
 
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