Seem like a theme from current holders saying, all that stuff is in the past. Future is looking better. Invest in where it is going.
From their 31 march cash-flow statement they have $2.5 million on hand and spend about $360k a quarter
So how much does it take to actually mine under ground these days? Not just mucking around propping up an old tunnel but actually get mining.
Just lucky we have Oceania Gold next door and even better they have estimated costs in 2015 for Correnso.
They estimated an upfront capital cost of $23 million (that covers ventilation, tailings storage etc), $50 million a year in drill bits, consumables, bulldozer, diesel, and earthworks etc, $28 million in processing (buying mills, reagents, tanks, water treatment).
https://oceanagold.com/wp-content/up...oom=100,78,101
pg 113
Correnso is a larger resource and so has the advantage of a lower per tonne rate through the infrastructure. Talisman will likely need to spend something similar but have higher costs per tonne but also perhaps higher per tonne Au.
Righto New Talisman might be talking a good game but do you think they can raise $100 million needed to actually get an underground mine going. Got to raise the money upfront before you start selling any gold and paying it back.
And just a reminder Correnso goes underground at the bottom of the Waihi pit so no big consenting risk and they have their own processing plant etc.
Not held, never have held and would only review holding once mine is in development and they start being honest about costs.