RE:RE:Lets recapIs there mention of any new cash needed? The last update stated, that if cash was needed, they would forward sell copper. At full production c1 would cost about 3 million per month on top of already spent capital amortization. We are drilling and advancing open pit studies. We are running at half production, so less cost. Right now we likely need 3 million per month total. But lets say 5 as we have some cash burn on the second crossing.
lets say going fans are completed this month and we get to 4000 per day hoit in june. Lets say 3000 tpd hg at 1% milling. 66 thousand pounds times 5.00 cad for 9 million per month. I am not sure why we need any extra cash until decision to build op.
Happy guessing:))
nf