In addition to the PFS, CSD's stated in recent company update that the production will be reduced so to reduce the capex, but this also extends the mine life. Further drill results also point to higher grades which are yet to be inputted into the NPV figures.
The company also states that it will maintain positive cashflow while diversifying into into its tin project. This is achieved via its base metals production... This is the $2.37 mill positive cashflow after $500k of exploration, or almost $12 million per year.
Like I keep saying, the next quarterly will be a testament to whether the new CSD can hit its targets.
At this stage, all looking hopeful. Given WLF's mc of plus $300 mil, multiple-folds are possible once the marketing machine kicks into gear. Only a matter of time.
;-)
CSD Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
