RE:RE:Remember these drill results ? June 19 / 2017IMO it is pretty clear that NewRange has no plans for early cash flow. If they did they would focus their efforts on mining the currently known high grade zone near the decline. Instead they are spending their limited resources into property wide exploration. This is because their plan is to add ounces thru exploration and then issue shares at higher prices to fund more exploration. And if this virtuous circle works out and they have added enough ounces, to eventually sell out to a larger company. I own a couple of juniors who are attempting to generate early cash flow, but this comes with its own challenges and risks. Bottom line, if you are looking for early cash flow it won't be from this management.
vestor111 wrote: As I have mentioned before, Gold Resources - pretty much right next door to NRG, went from first permit to production of an open pit/heap leach operation in ~18 months. Cash flow. Cash flow. Cash flow....to fund the massive amount of exploration this property deserves (and reduces dilution in the process.)