Speculative mining companies cannot take their projects forward...

Speculative mining companies cannot take their projects forward without raising money and dilution occurring - its just part of the business.

What’s important to focus on is what they do with the money and if it ends up being to being Wonawinta Silver mine back into production then it should end up being value accretive for shareholders - especially with EBTIDA A$22M pa and IRR 109% (see below) in fact in a rising silver price environment as we are now entering I expect these numbers will only get better

Also Alan Eggers is one of the most experienced geologists in operating in the mining sector - and I’m guessing he already has a fair guesstimate of the bucket loads of silver which remain to be proven up at Wonawinta

I am very comfortable with how this is progressing - thanks for asking …