RE:RE:7 IIF You TubeThis answers my question to a tee on the Los Santos statement by Lewis.
Smarter than the average bear, lol
Excerpt from the MD&A on Los Santos page 8 :-
"Los Santos Mine
The Company changed its mine plan at Los Santos, whereby it ceased further mining of ore and commenced processing of its tailing during Q3 of the 2019 fiscal year.
During February 2020, management implemented a planned closure of Los Santos’ operations by placing it into care and maintenance.
This was done for two main reasons:
1) The Company is planning to reopen operations in early-2024 once it has finalized plans to modify the plant’s infrastructure, through a EUR one million capital expenditure, which is expected to result in significantly higher recovery rates from the future processing of its tailings inventory; and
2) the Company intends to use the short-term freed-up capital to assist with finalizing the Sangdong Mine’s project financing."