What? What has cost $4.5 million so far? A few costings would...

What? What has cost $4.5 million so far?
A few costings would have been appropriate. How many pieces of equipment, workers etc etc etc would cost that much money in five months?
Near to a million bucks a month?
Or is it just interest payments?
And needing yet more funding from an online tenderfoot-trapping stocks ramping company .
So disappointed that I was one of the idiots that fell for one of those articles so many months ago.
I just hope the price of gold continues to rise

If their feasibility study was accurate shareholders now own 60% of around $10 million bucks of free cash flow for the open pit however this was before Blue Cap got involved.
"Penny’s Find’s Bankable Feasibility Study earlier this year (based on a gold price of A$1,500/oz) found that just the open pit operation alone would generate in the order of $7.6 million in free cash flow in less than a year. For every $100 increase in the price of gold above A$1,500, the open pit would generate an additional $2 million free cash flow. " from the announcement where NRW thought they would do the work before they decided not to take it on.


DYOR and always check if the source you are researching has a vested interest or I s being paid to promote ' the next best thing'