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Time to accumulate at this level and wait for it.It is all about cash flow now and any every quarter should add 10/20 millions to market cap.By the year end we will get drilling results and if they are found to be any good then can be brought to production really quickly.
Brand is worth some money but overall buisness is loss-making.They have to inject money each year and that is not a sustainable buisness practise.JD was meant to be a brand saviour but looks like he has given up and he has simply failed to turn this buisness around.
Start exploration and drilling program in Q1 and conclude it by H2 2024.Depending on results it will try to start a small scale production operation as soon as possible.This is meant to be an option B as Runruno has a mine life of three years left at this stage.However if second project is proven a success then it can be a game changer.
I like Darren though he is proactive and honest. Mine has three years left and he is trying to extend mine life through exploration and as an "option B" has acquired new assets.There are two possible scenarios Mine life does not get extended and Darren develops these new assets which are ready to produce after three years.Mine line gets extended by a year or two and they also have built and developed new assets.Both of these scenarios bode well but time will tell.
Let shareprice do the talking.Quarterly results are not great but it has given me a chance to increase my holding at current levels.I am adding whatever I can as market cant ignore level of cash this company is throwing.Debt free by H1 2024 or ealier.
I came across this company in 2017 and after first gold pour there were multiple setbacks.Quarterly prodution lingered along 10/12k ounces which barely covered operational costs.But since Darren took over they have paid down nearly all of debt which stood at 135 millions and have doubled the production.Darren has technical expertise to take it forward and mind you they spent 150 millions on this plant.
Market would not be able to ignore it any longer.I am adding whatever I could around these levels.In my opinion current mine still has three years of production left and they have acquired new assets as well.
It is pointless arguing over shortterm price actions,company will build up cash reserves and market would act accordingly.They have already bought some assets and would have enough money to invest as they go along.