RE:RE:sangihe productionNope not what I am looking for, this is an exploration budget. I am looking for the budget that takes Sangihe into production and allows them to generate positive cash flow.
I would guess it is on the order of $15 million, but for some reason EAS is unable/unwilling to disclose this. I am gambling that EAS will be able to raise the funds needed for going into production without diluting the heck out of the shares and then needing to do another reverse split.
The junior mining sector should pick up from these extreme low levels in the next few months, or before year end at the latest. Hopefully EAS will get all their ducks lined up for going into production and then wait for their share price to go up significantly before attempting to raise production financing.