RE:RE:RE:News - 75% construction updateThank you to everyone who contributed to the post. Information and analysis of this company is far and few in between. I really appreciate your comment. Still got a sizeable long in my portfolio and waiting patiently.
@Hideaway, I spoke to Jim and James on the profitability. I am not worry about the product demand, pricing and profit margin. I think the biggest risk is getting the mine built and running to maximum capacity of the mining license. I am confident there will be new buyer for any expanded production beyond the OT agreement.
I wasn't joking when I mention more delay, as they have seriously underestimated the cost and delay on the construction all along (Construction cost ballooned 70%) . The target date is based on a best outcome with no hiccup. However, this new round of funding already considered the construction delay carrying them thru the winter shut down.