How many times do we have to repeat this, we have bonanza gold grades and lots of it. The poor recovery has resulted in low cashflow which means we have run low on cash. No spare cash means you cannot pay for parts and your day to day expenses. The hammer mills intially worked fine and this indicated that this would solve the recovery issue. But the ore type has changed and we either need a different process or rehash the existing plant.
Sadly we are going to have to tip in more cash once we have a plan in place that is guaranteed to re start X 3. I am sure we will have more pain soon, but I don't listen to the Doomsday cult and we will get the gold into the bank very soon. I am not even going to bother mentioning our other great prospects.
OGX Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
