RE:Fruit et al working extra hard to denegrate BTR during PDACIluv wrote: There is also a PLAN to fund
Ok Iluv, lets hear this plan to fund?
it was only a few days after Marc Andrea took office a financing took place. Also at the end March 2022 the company had a working capital of just over $9 million. SO I figure 2 quarters before we see some more "Funding". If they plan on mining next year your going to need a minimum of $22 million to get there. In reality to run a few months without "Funding" again it's really something like 35 to 40 million.
Is Wexford going to step up to the plate and dump $30 million into a 30,000 ounce operation. Or does the shareholders have to bear the load..... again. As I said another NSR or Stream would also work. However selling or giving away more of their production which already sits at 4.9% isn't a great option either. I think it's safe to say a bank loan is off the table with interest rates on the rise.
On a final note. Wasn't this PEA supposed to be released about a year ago, then again in late December? A year delay for 30,000 ounces annually on an open pit operation. Hummmm.