Precisely KTM1, you’re on to it!
“Bringing the project into production and Cash Flow from a low capital, low strip ratio, high grade, open cut mining operation via a third party processing solution”
The 200,000 tonne operation - low capital, low strip ratio, high grade (“+8g/t”
, open cut mining operation, on the face of it and by the numbers, looks like yielding $32mil in cash.
Could be >$32mil , if recovery rates meet industry standard of 95% , not LNY’s historic rate of 87%.
With $32mil in the bank, and if they can secure an appropriate JV, NZ startup looks promising.