RE:RE:RE:RE:RE:RE:RE:RE:RE:Looking aheadnofluff wrote: So some math again. 120 mill u.s. plus 50 revolving is 170 in hand. Capex for flor is 230 I believe. Full permit could be issued around new year. With im0roved grade and 2.00 u.s. profit. we should bump the bank to 1.70 u.s. by year end. 50 mill has already been spent which about balances the bank. The 2 years of gib profit while building should more than cover. However, I understand, the need for cash to b set aside before starting the ground work. Lets say, with contingency, build has gone to 250 million. So essentially tko will need an extra 50 million at year end to keep slush fund up plus fund flor. That is an easy borrow when they have 80% down payment plus gib. However, that 50 should be covered, by end of q1. Another 50 revolve add would cost little as bank cash would be spent 1rst.
The 100 mill revolve would be available to start ymi along with 2 mines cash flow.
nf
I do believe the two year build time is probably too long. People around the mining community in AZ are talking about 12 months now. They have cut the build time significantly by ordering and taking delivery on a number of long lead time equipment.
I think 18 months is the longest.