yes and hopefully they can use the money they make during the base level mining the 40,000-60,000oz/yr to self fund castle hill in 2 or 3yrs, when hopefully the gold price will be AUD$1500+ again.
and if they do have to go to the market for more $$$ hopefully it will be in the mid 20c range and not at record lows.
the next few months for phoenix, page-12
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