@uranium69 .... "management should do a $300m cap raised at $15...then they got enough money to start production..."
This is a load of codswallop to put it politely. It's precisely the last thing management should do, because no-one knows if the $300m would be anywhere near enough to do anything.
Plucking a number out of thin air is amateur hour, that I learnt the hard way. Any company that takes this type of approach is one you RUN AWAY from. It's what Cudeco did, who promptly went bust..
The correct course of action will be to do a feasibility study on what we'll build after input from professional experts in many areas, including potential customers, to find out what the market can absorb, and when, then a carefully developed plan based on all known parameters of the deposit, based on extensive Mets testing, all before the feasibility is started!!
Perhaps a PFS next year, and a DFS or BFS shortly afterwards.
Large high grade deposits, without environmental problems, always get developed, because the profitability sticks out like a sore thumb for everyone to see. This is close to finding something like a Mt Isa or a new Broken Hill in terms of value of resources in the ground.
The infrastructure will happen to develop a vast rich resource that will be highly profitable for many decades.
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