The interview confirmed some facts we already knew, such as $1M cash on hand after financing, $100k burn rate per month, $1.8M already invested in the mill, no further financing needed.
But we also got to know about some "news", such as:
- TSX Venture lisiting planned in the next 90 days
- test production started, with 50 tons of ¼ inch material in the fine ore hopper that are being processed (now)
- next step after achieving commercial production is to increase the size of the plant
- at current capacity, there is 50 to 100 years of material to process, i.e. 100 km of veins
- and most surprisingly: new aquisitions !!! ( we are on the lookout for other small gold production projects that we can either buy or develop so that we can diversify and grow our cash flow) .
This company is going at a rapid pace recently and keeps us investors well informed about the progress and it´s plans going forward.
And that certainly is not standard in the explorer business.
Thanks and well done, Tim !
FANTOMAS