IRC 8.00% 13.5¢ intermin resources limited

Ann: Excellent High Grade Drill Results From Menzies Gold Project, page-16

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  1. 6,287 Posts.
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    Yes for sure but no way we can take the project into production without a good amount of cash--

    FML has 15mill in enviro bonds for the project that's going be refunded ... so we will need to pay for those one would think ... 5mill + scrip to FML which gives us a good amount of time to get the plant 18months ? (another 10mill) into shape and reserves drilled up (2-3mill) Mining CAPEX ?? ongoing admin etc ...

    Now for sure JP and team wouldn't have approached FML without finance backing which I'm sure we will find out soon enough who it is and how much of a newly merged company they will be getting...
 
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