Selling the farm might be JVs. I think he wants to go it alone on at least one project, maybe two. We can distinguish from other cautionary tales like HRR (Heron Resources) which is NSW based and has a cost structure to match.
Care to mention their capex for a zinc mine?
It's $240mil.
NOT $30 - 40 mil.
Their opex will be much higher. Labor? Energy costs?
Why are you even mentioning them. Oh, they're zinc. And they had trouble raising capital. We have diverse spread and are going to become a diverse producer.
That would be due to the economics of their project, and ours are vastly different.
So is our future outlook.
Possibilities you don't mention:
1. forward sales
2. loans (for partial development, then self-financing?)
3. TSX listing
4. Alacran discovery of major Cu find...could be a game-changer.
there must be more...but that's just for starters.
Then there are others
1. Sara Alicia surrounding area becomes available
THAT would justify a CR on top of continuing drill campaign....no complaints from me about dilution for that purpose.