Re-reading their Quarterly, they have already burnt through half of the 9M cash they raised as of Sep 30th (from the July and Sep raise).. All in Cost of Production is substantically higher then then the current Gold price. And they mention a lot of their costs are fixed, ("With a large component of the cost base being fixed, the Company’s unit costs remain highly leveraged to increased production levels") so really their only levers are increased production which is by getting the 5 level shaft and water problem fixed.
What concerns me a little is the progress on the 5 level shaft (26M) with at least 150M to go and the Water Management remains an issue. My concern is will they have enough money in the 9M they raised or will they need another capital injection before they get this right?
Interested in opinions here?
Ann: September 2016 Quarterly Activities & Cashflow Report-KRM.AX, page-4
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