Take, for example...the pilot plan. RH took in $12.1million 14months ago to build and run a pilot plant, right? He told us it is vital work, to be able to move our project to DFS stage. Tell me if I'm wrong about that?
So, the deal was...he gets a bag of cash, and we let him dilute our stock, but in return we get a pliot plant, right?
14months(!) later, and do you see a plant? Do you even see a completed design for it?
And yet our +$12.1million cash position, has dropped to $8.6million. How much to build and run a pilot plant? How much to hire the real estate for the plant? How much for the bulk sample drilling and transport to Perth? Do we still have enough?
None of this is worthy of discussion? You're not even curious?
What about if another 12months pass by and we still don't have a pilot plant, but, our cash position is whittled down to almost nothing.
I am genuinely trying to understand your idea about what you consider relevant to the value of your investment in Toro?
TOE Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
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