RE:Why?After Oct 24th, when our stock went down, we were not going to spend additional $ to finance the ~$5m of construction capital, plus the $6-7m p.a of exploration and surface rights capital to sustain 1000tpd of depletion vs repaying debt.
So we made adjustments to get the mill up to 600tpd without any material capital requirements, and we'll mine/process at this rate going forward.
when the debt is repaid/refinanced or when our stock goes up, that decision will be reevaluated.
In terms of equipment, we have the crushers, mills and tailings capacity. We just ordered a second gravity concentrator. We need to get another filter press and build 5 CIL tanks, more gensets, likely another stripping vessel too.
Our decisions are based on where our capital is priced. If that changes, so will our decisions.