Originally Posted by
Flugenbear
Yes and No Jonu. If it leads to mining shortly after, then perfect. But just take a look what NTL has spent since the 2013 consent for bulk sampling....180-200 ounces a month ain't paying that back. I think 1800 profit per ounce you're only calculating the direct cost, not any of the millions that have been spent to now. Fair enough, but as I say, without leading to actual mining it's not sustainable. And I'll bet you now they don't make 1800 an ounce, if and when we hear how they will process the ore and the cost of that. Still, it could be the shot of hope needed to avoid the capital raise later this year, and would provide some much needed cash flow.