Atleast shareholders now know that the Capital Raise is going to be concluded within the next 60 days.
Printable View
Atleast shareholders now know that the Capital Raise is going to be concluded within the next 60 days.
Another step forward. If DOC do come to the party, then I would expect the CR to go well - depending on where they pitch it, and for how much they are seeking.
Go Jonu go!
I think the mention of refiners producing dore from the concentrate is interesting.
It means rough mixed gold... google it l wonder what the CR price will be? .02?
Dore is what some mines produce to send off to the refiner. Typically the ore is treated to produce a low grade gold alloy bar, what I was used to seeing was about 65% plus gold.
That's then sent off to a refiner to smelter into 99.99% or 24 carat gold bars.
That's why I find it interesting that a refiner is referenced. Refiners in Asia do take concentrate, but typically it's a lot higher grade than 1% from my experience.
This is quite an interesting article. As I thought, typically concentrates of this nature are copper / gold concentrates which most smelters are set up for.
https://www.ausimm.com/bulletin/bull...marketing-101/
Any thoughts on what dollars are sufficient to cover capital expenditure and operating costs. That is, capital raise expectations?
Positive news for sure but where is the processing site? If not at the mine then 100 tonnes cartage a day along the access road is potentially problematic. No doubt Jonu has this covered?