u/walk2480
Anyone accumulating with the recent pullback over the last week?
u/walk2480 — 14 days ago
Didn’t see this posted here yet, from a couple weeks back but just released on their website the other day.
Good insight on capex for tailings vs IMA. Specifically Ali stated the tailings alone support a 2-3 year mine life and will generate $45M. Required capex is $4M, which is sounds like they will use the recent funding to execute.
This revenue will help propel them to get IMA operation with $25M capex required. Coincidentally the EXIM amount is $25M, which he says would be available once they have their PEA in place.
So hopefully all this leads to minimal dilution prior to commissioning, we shall see!
Lots of other points discussed but those details were sort of what I was missing from the updated investor presentation.
u/walk2480 — 15 days ago
On their website there is an updated investor presentation with information dated April 15th. Has some new timelines to get to commercial production.
u/walk2480 — 22 days ago