Also your 100kt/annum doesn’t come at zero capital cost. You would need to build a sizeable smelter plus electrowinning circuits and flux recovery circuits amongst other more standard processing elements like crushers etc
As per my previous research on arc furnaces they come at a cost of probably no less than $300/t of installed capacity, so at least US$30 million (A$42.5 million) for the smelter component alone at your 100kt/annum capacity.
So until I see the company raising in excess of this approximate amount of money I wouldn’t be counting my chickens.
Still nothing stopping people potentially making a lot of money on a share price spike based on some photos of a few small gold bars from a pilot plant, if and when the retail bag holder crowd (as you called them) arrive in numbers.Esh
