It could be $1b a year in revenue. It doesn't matter if your spending more than you make. operating costs in the last 1/4ly were $300k - that's unsustainable with the current production targets. As i expected no formal agreement with the contractors I'm not sure how they do business in SA but when I buy an ice cream I like to know how much it costs and how much of it i'm getting first.
That being said, they've got some breathing room and a bit of an x factor with the resource they're sitting on and the weak SA currency. So I can afford to take a wait and see approach for now.
WWI Price at posting:
2.5¢ Sentiment: None Disclosure: Held
