SXG 2.42% $2.96 southern cross gold ltd

Ann: Manuka Silver Project acquired, Recapitalisation completed, page-5

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  1. 112 Posts.
    Andrew
    let's say they just process the existing Wonaminta stockpile and some of the reserves for a quick 1 mill oz of silver and $4 mill profit. Virtually all the initial investment is covered. What's the downside? The original ball game was Mt Boppy and its gold. If silver grows, it's a bonus. In the meantime they've saved multi-millions of capital expenditure on the gold.
    What would really help is a financial forecast from SXG.
 
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