Loki01, MUN's current total expenses have been significantly...

Loki01, MUN's current total expenses have been significantly more than the cash obtained from mining. In view of that how do you think successfully mining a small gold deposit of approximately 20,000 ounces over a period of 18 months is going to make a major difference?

We need to consider the total costs involved. If successful will MUN make enough to be cash flow positive?

I guess another point is that if successful it could buy MUN time to allow for a big surge in the gold price which of course could start to make MUN's business model look more attractive. Though it was meant to be fantastic at just US$750. lol

To me the priorities for MUN are:

1. Becoming cash flow positive so the company can prosper. This is not necessarily the same as making EBITDA earnings which MUN has announced in its quarterlies.

2. A substantial rise in the price of gold.

I'm wondering to what extent 1. requires 2. as a pre condition.