JWs intentions are clear
"The processing plant has been set up for a planned expansion to up to 750 000 t/y which will be undertaken as soon as revenue from gold production can accommodate it."
What would guys like to/or think will happen next.
Personaly IMVHO let the plant run for 2 quarters. Use the cash generated is used for to do some more exploration, and build some cash reserve. And when satisfied the Plant is performing, and about its output, then its time to get a loan to expend the plant. Use the cash to fund exploration and operations, and debt for plant capital. Any debt incurred to finance capital needs for expansion of the plant, in my view which is tinted by bullishness on gold, would be short term and mitigated by Gold price bullishness, decreased dilution, earlier increase in production, as well reduced by upcoming inflation pressures.
what next
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5.5¢ |
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| Last trade - 15.36pm 04/07/2024 (20 minute delay) ? |
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