Had surgery today so still fuzzy from the drugs .. but trying to run numbers see how good this could be in production ...as we know MRP -IRC market should command 60mill + 9mill in shares to FML
31mill in cash payments from present to 2022's... total value =100mill
Assets will be a Major landholding + 3.8moz-4moz resource
CIL 1.2mtpa gold plant
One would think the 31mill will come from a Mix of SPP-asset sales-insto/sophs
And CAPEX costs will be funded by Debt
My Est. Gold Production target early 2021
My rough conservative free-cashflow on plant capacity 2g/t av. -- $45mill pa min
IRC Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held