as a counterpoint, they have now raised the funds for refurb, so its not quite the same as a cap in hand requirement to have a DFS to secure startup funding.
I do agree far too little in reserves, and the grade is low... they either need a competent in house mining team or they need PoG to be a nice bit higher to do this profitably.. so far they havent demonstrated themselves to be all that competent .. given the tenement debacles... just amateur corporate execs climbing the SD career ladder .. and not even doing that very well.
We need some serious roll up your sleeves type experience steering this into production.. outsourcing it will kill its profitability at current PoG
Re: Ann Expiry of Unsolicited TGM offer, page-25
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