Talked with Simon at the company, I like the way you can call WWI and to ask questions and actually get answers, that is rarity.
The reason they are confident they will get a very good deal on toll milling is that the nearby closest company (can't recall the name) is processing at only 50% capacity. Seems to me that a miner with that much spare capacity would have to be looking to acquire a large additional gold resource.
What may start out as a toll treating arrangement will end up in the company owning the mill wanting to secure 100% of the cash flow
They are in no rush to seal a finance agreement. They want to get it right and the recent cap raise has bought them time. They are not going to rush into a deal and are confident from initial discussions that they will raise the Capex.
Clearance of scrub etc around the Qala Shallows has commenced and next week a team will progress site establishment within Qala.
That will facilitate a firmer estimate of the early mining initiative, currently the projected total is18,000 oz au.
Progress to production is progressing well imo
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