HFR
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7.14% 26.0¢ highfield resources limited

ouch: Mining Concession = Timeline: estimated 3-6 months after...

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  1. mickeebee
    1,130 Posts.
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    26/10/18
    10:43
    Post #: 36270698

    ouch: 


    Mining Concession = Timeline: estimated 3-6 months after DIAaward


    Construction Permits = Timeline: estimated 6-12 months afterDIA award


    so....DIA (hope by year end?), mining concession + 6mths (mid 2019 - possibly longer given history) + 12 months Construction permits = mid 2020.


    F_K me. mid 2020 + 3 years to construction = mid 2023 mining at best.


    4-5 years of cash burn @ $2m per qtr = $8m per year......


    we'll need capital.

    HFR Price at posting: 51.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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