One would therefore assume the opex, stream deal etc are factored into the cost per ounce forming a major part of the liability. Leaving the debt to be cleared with the net profits. Hence the debt liability is treated separately, not factored into the unit cost of production. What your posts suggested to me was that beyond the already large sum of CN and creditor debt, there is a further sum of debt to be settled. You are more referring to your own forecasted expenses.
So if April and May are anything to go by were well under a grand per ounce. June and July being high for obvious reasons.
I also not sure if the inferred resource at Pearce North includes the northern most target that showed up 35m at 8.6g/t. Very underexplored still and next round of drilling may extend the resource. Yes it is lower grade but there are plenty of low to mid grade pits proving economical. Perhaps higher tonnage than pearce north currently but the infra is all there already. I dont think the cost per ounce would double to unreasonable costs on a pretty low strip shallow deposit. Perhaps you can share your arithmetic or show us some examples of similarly costed mines.
Either way hopefully the grade improves with a few more holes along the way. Polymetallic SOZ was originally a disappointment but further exploration seems to have uncovered a pretty serious system that warrants more of a look. New plant will also help with its viability.
The problems at hand are the outstanding cred debts and the note debt. Other Liabilities just form part of the operation and every co has them or they likely wouldnt be operating. BUSINESS AS USUAL. Everything the company is doing at the moment is to clean the balance sheet up and guess what, it already includes capital raising.
Anyway time will tell. To me, at my average price, I see plently of potential if mgmt hit their targets which they look on track to do.
KBL Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
