thanks Clive.I’ve never heard of environmental taking so long....

thanks Clive.

I’ve never heard of environmental taking so long. Nothing in the announcements as to why, or even that it continued to be delayed from their own finish dates that just kept getting longer in their presentations since 2018.

He said they have enough cash for the current programs & that it would take them to pre development. Which is ok.

I see why they’ve started on the U/G drilling/scoping study from a timing point of view. Not sure it’s wise from a financial perspective. They’ve got to raise $250m for the open cut. The U/G will likely be a lot more. Smart thing to do is get the open cut going, then that pays for the U/G.

no mention of when production might start, unusual.
do you have any indiction of when that might be?

I’m invested across a range of emerging juniors and all of them have indicated timing for production. Some out to 3-4 years. It’s useful to know when investing in a company like this, what sort of timeframe there is for the eventual pay off in production. I don’t understand why they’re avoiding it.

cheers,

ned.