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2.6¢ tombola gold ltd

The rise and rise of Ausmex, page-46

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buddy134

24,386 Posts.

176

24/08/20

09:07

Post #: 46756793
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Originally posted by Au9999 ↑

Thanks for the analysis DB. I agree with you this thing has the potential to generate some strong cash flow if they can get it up and running.

My only comment on your numbers is they are just operating rates. I assume there would also be a large establishment cost with setting up an underground operation before you take your first tone of ore.
I also agree it would be good if they could fund this with debt rather than raising capital at a depressed price. This is likely to be difficult in the current environment though and the terms may not be favorable.

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Correct my friend. You go tell them.

When those sort of presumptions come form a NON HOLDER, that really sound the big alarm bells to me.

As to why he doesn't buy, that is something which I can't get my head around.

Last edited by buddy134: 24/08/20

AMG Price at posting: 5.3¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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