Excellent transaction IMO
This capital will take us through this year at least. With "Gold 2" online soon, annual gold production is estimated at 40,000 oz which @ $1000AUD/oz is $40M per year.
The we potentially have "Gold 3" plant in approx 2 years for another est. 20,000 oz per annum, making $60M gold income per year... this capex may be funded via earnings so no more cap raising on the horizon IMO and positive cash flow in the next quarter.
Next quarterly due 29th Jan, should be an intersting read.
something is happening.., page-9
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