RE: future17 Jan 2019 17:51
Regarding income, look at our current income levels during what is essentially a start up alluvial project - the trend is that it’s been an increasing production profile as they’re (contractors) getting their footing and the new contract (yesterday’s RNS) should circa double that production (at least - imo), on top of that you have improving efficiencies as time goes on/the project is scaled up... doesn’t take a genius to work out how that could surpass $1m per annum.
You want to know how we access a decent return from the FB project considering our limited cash resources at the moment? (Not sure why you’re so adamant we have $500k in the bank... could you quote your source?)
That’s a fair question, although one you might have an answer to if you trawl through the company releases.
Look at the basics, we have alluvial income that should more than cover group costs and is likely to increase, i.e build our cash pile. We have non FB hard rock projects looking to come into production in the immediate future (Q1 2019) which could provide us with significant cash return in a short space of time, again building our cash pile.
In my view we either build our cash up, front a part and get someone to go in on it with us giving us a decent % share, or we just job it out like we’re doing with everything else and take a (in my view still decent) cut.
Either way 3990c is worth more than $15m.
... and re how I “know” we’re going into a gold bull market, well I don’t, I said it’s likely if you re-read my post... take a look at pretty much any forecast for PoG 2019 and i’d suggest that me saying “it’s likely” is a fair statement as is backed up by my earlier post about banking forecasts for 2019.
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