RE: Head over12 Feb 2023 18:41
Merc, are you really suggesting that there will only be 4 million profit every month for 3 years? I'm assuming your implying that because of a statement that they will repay the loan in 12 months so every bit of profit will only be enough to service the repayment.
They wouldn't say choose to pay off over 12 months to have working capital free to build cash reserves and continue drilling. It's a very distorted view to think thats the only thing to happen.
It's a bit like assuming that KOD is only going to have a DMS and thats it, nothing else will happen for x number of years. I think we all know that's not the case and are expecting a lot more than a DMS with gold exploration etc. In turn I don't expect there just to be a pilot plant for the next 3 years.