VAN 0.00% 4.7¢ vango mining limited

$7.3 millionminus $1.5 million to pay back the bridge loanminus...

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    $7.3 million
    minus $1.5 million to pay back the bridge loan

    minus $400k to pay back LSR loan

    minus 80% of Superior's court costs

    minus any awards on Zuleika's court costs

    minus $22/hectare/year rent and $100/hectare/year minimum expenditure on 31700 hectares (317km2) of mining leases = $3.9 million/yr just to maintain the mining claims, plus whatever they're required to spend on the exploration claims

    https://www.dmp.wa.gov.au/Documents/Minerals/Minerals-Feesandcharges_2021-22.pdf

    And that's before dime 1 can go to vendors, employees, or drilling.

    IMO, it's over.
    Last edited by PulpCutter: 04/04/22
 
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