RE: Mining Equipment11 Feb 2019 02:37
Ill never complain about paying 150 quid for 4 new tires again :) Didnt realise the cost of equipment was quite so high. So if even $10m isnt enough then maybe the $100m figure is more accurate if its for the whole license area but then surely the 60,000 ton of concentrates by 2021 figure is too low. That should be for Kalaba alone.
Maybe our share of the expenses to upgrade CSD plant to 60,000 tons is $10m..sorry..just the confused mumblings of a non expert old fogey.
Would prefer not to have any fundraising. We already have dilution due to joint ventures (which is essential of course), so hopefully Nick has something in mind. Maybe a sale of Kalaba or another lesser area to fund developing the bigger areas...or hopefully a sale as quickly as possible after proving up whats there with the resources we already have, and at the right price of course for the whole area.
Thats what im hoping for. Happy enough to wait for a year or two if the sp is in my target range.
Awaiting the next rns (teusday?) with great interest. I hope it gives us enough "clear details".