GREY:VITFF - Post by User
Comment by
Routanon Jul 18, 2024 7:56pm
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Post# 36139347
RE:RE:I think there is a very good of a restart.
RE:RE:I think there is a very good of a restart. They have money. It will not cost much to move the slump around the TOE (base).The pumps and piping are located there. Make the repairs after HLP is stabilized which their plans have been sent for approval. Get that circulation going again as there are millions of dollars already stacked (80,000 oz.) They also have 30 mil in cash as of last quarter. At least 50,000 ounces produced 2nd quarter. Lenders will work wi them or they will only get pennies on the dollar. They have everything to lose. Believe they do not want this to not restart because that means as new owners they take on all the liability. Of course they will help as needed. Delay payments etc.