No worries. I cant see any major cost risks this far in now and given have a few different toll treating options should be ok on that front. Last risk is the grade and recovery and hopefully being geologists they at least get that one right. So if that comes up Im still standing by my original numbers to suggest they should generate $7M ish free cash. In a perfect world in six months they would:
Have Cash (millions) on balance sheet and paid out the Fraser debt and these new loans.
Proven up the UG a bit more without wasting too much money
Changed Management to an Operations person with UG experience
picked up a UG contractor and locked in a low cost mill deal that is close and capable to treat the UG ore.
Not Rocket science !
Back calculate from there on fundamentals and Im still good for a 6-7 cents target by then.
No worries. I cant see any major cost risks this far in now and...
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