I spoke with Company secretary, Pete Ironside this afternoon. He says they are presently in discussions with banks to fund approx. $55-60M to get production underway. Will need to hedge at this time, so hopefully gold will be on it's way up by then. More drilling in interim so option to hedge further proven resources down the track if gold keeps going up. All looks very attractive especially with a sp of 18.5!
production funding in june
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