RE: PREM producing and will grow multiple times8 May 2023 21:38
Snowking,
Was a good interview today with Mark and George, but 1m isn’t going to cut it is it.
George clearly stated the operating costs per tone and the expected output tonnage.
One can easily calculate the funds required from those two figures so let’s not be silly and say 1m as that’s misleading.
We also now know that 100% of product will go to Canmax until the loan is repaid which taking into account operational costs will be 3-4 months so it’s clear prem needs funding to see it through. It’s all good and funding is fine with me as long as at market or premium, I’m sure they won’t have any problems there.