RE: Today RNS.....3 Dec 2024 07:50
Offtake options open to the Company range from HMS product being sold as run of mine at the mine gate, to the introduction of a magnetic separator to sell specific minerals to end users. A potential offtaker has agreed, in principle, to finance this second option. May be cash generating sometime next year but not mean be making profit, all takes time cash is king loan need be paid back, did say not realestic raise think was back in Aug as price was sub penny, only guess work but feel raise will happen but hopefully much higher level, all guess work, got hard part now agreeing off takes, news soon I'm suRe GL