Where did you get $20mill for the Teal stage 3? Stage 3 wasn't...

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HotRods65

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05/02/19

12:24

Post #: 37334162
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Originally posted by Sharetrader78: ↑

Yes, goal posts have been moved for toll treatment operations ..had EGS been run by competent mgmt then Goongarie ore would have been getting treated there at present or least early this year .... but as we know that's gone tits up... and as does cashflows

Teal-stage 3 needs like 20mill+ Capex to be brought into production and then who happy to toll treat?

Personal I think the major gold plant owners at present high AUD gold levels have increased per ton toll rates or not even interested ... as 1# they are making fat margins using full capacity of the plant
#2-whats the best future outcome for the likes of NGF/Zijin EVN,NST etc having local explorers making good toll incomes taking some of their capacity or watch these same explorers instead forced to tap their S/H's to survive in hope of discovering the motherlode of GOLD which if the 1-10 do the producers will just T/O anyway.

Lakewood plant merger much sense or least sign up for a long toll treatment deal that works for both parties ... but I'm sure Lakewood has Gold resource holders ringing weekly trying to get some fat cashflow

IMHO JP knows this and is looking down a different path and merging with a fellow KAL explorer hoping the new company can tap the market/insto's to become a producer or be taken out for a high value.

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Where did you get $20mill for the Teal stage 3? Stage 3 wasn't going to be big, just another cut back of the pit.

IRC Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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Where did you get $20mill for the Teal stage 3? Stage 3 wasn't...

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

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Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

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Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL