Collinchi
It’s not cash bleed - it’s called development spend . You have to look at this as a new mine - the fact there is production and transition ore is a plus .
You comment like you know the total spend and budget and amount spent so far . Do you know these three figures. My guess is you don’t . It’s a long life low to medium cost mine with 250-280k annual production profile - normally such a mine could cost 200-250 m USD to develop . JW has stated that they will be net cash throughout development to a large degree.
You also need to separate cash flow from production and development expenditure - rsg have been and will continue to be cash flow positive at the operational level.
Collinchi It’s not cash bleed - it’s called development spend ....
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