Post by
Biloxibuzz on Sep 22, 2021 3:39pm
Simplify the Process!!
If RR really cares about getting to production, would it not make more sense to go traditional path and maybe use all electric get on line and then go back and convert later when they have everything. I know he wants it to be green friendly, but at what price and how much time? I own a gold mining stock in Arizona, called Northern Vertex They brought in 6 huge generators to run the mill. They ran it that way for about 1year. The used up $200k per month in diesel fuel. Eventually they brought power in and converted the mill to electric, but first they got it going and created positive cash flow. You have to crawl before you walk.
Comment by
tylerod1 on Sep 22, 2021 5:49pm
I think the company maintaining a great ESG track record in an enviromentally conscience state like Arizona is extremley important. It's also a great selling point heading into NASDAQ listing. With 24 million in the bank i'm not sure rushing revenue is worth sacrifing the vision RR had for DME. Certainly without that cash cushion i would lean your direction.