How do you know they're producing 5000 oz a month, quarterly is not out yet?? If they are producing that much, how long will it last because that is well over what they forecast. In other words they must have hit a very high grade zone. At any rate, even at 50% of production above the put options the upside for the balance sheet is not great.
Any thoughts on how long it will take to get final approval to operate Dargues, and the period where there will be no cash generated? To me these are the most crucial issues for the company in the coming 12-18 months. Not down ramping but have held for a long time and seen lots of promise but little delivered.
Cheers
GLB
How do you know they're producing 5000 oz a month, quarterly is...
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