RE:Potential SalePotential sale thoughts. So q4 saw the dewatering completed and hoisting improved big time.
Pala is said to be reducing sizes of funding. That would be normal as mill ramps up.
Let's say q 4 output was only 100 thousand pounds per day..That is 60 million cad for the q.
That's on top of the Pala loans. Let's say they are now at nameplate with 2% plus head grade going into q2. That is 120 million cad or much more ff copper continues.
There may be no sale. The deliery piping for the paste plant was delayed but is not needed if smd have opened up new hi grade faces. They can simply mine alternate stopes and when filled, they come back to mine those remaining stopes.
My current guess is that current loans and liabilities are less than 500 million cad. To replace the mill and mine equip would be much more than that. I believe the UG crusher is paid 4. There is large install cost. Having a surface crusher makes postponing crusher install a no brainer.
The ug crusher would be more efficient for sure.
We should no much more as q1 report is due in days. There are not many sellers down here.
Happy holding:))
Nf