Had a dream this morning that Toby was giving out one to one updates to a group of investors, each in turn. When it came time for my turn, I woke up. Sooo, I got nothing to add right now that is new, since Toby never filled me in in my dream, LOL.
Just know that # 2 and 3 trommels should be being repaired and set up, with monthly ramps in produx forecast thru August, where we're supposed to reach full produx for our 3 trommels of 133 m3/hr (200 tons). Maybe by then we'll have 2 shifts too, so 15 or so hours of net produx a day, 6 days a week.
I am concerned about cash needs and cash flow problems until we get to 500 oz/mo at $1500, which is where they forecast cashflow positive results. I see they may have a cash crunch before August. Hopefully they can raise the money they need. Cashing in warrants at $.50 window has closed as far as I know. Just know we're in good company, as I've heard even the biggest and best gold companies are selling at 8 pe's, with dividend yields in 2-3% range. Evidently money is still flowing out of gold mutual funds and gold focused hedge funds, according to Rick Rule.