Can the shaft be sunk within existing budgets? If not what is the additional capex needed? CEO seems to want to go to 1000 M. This could already be built into SP. Ihave no problem going to 1000M. I am a long term shareholder, and am considering buying more shares.
While I am not sure management wants us to think they will need more money, I have said since they got the $200 million that they would need more. Now that they seem to want to drill much deeper, I think it goes without saying they will need more money. If they do not come up with some decent gold then we are in trouble.
I don't think so. There was a news release some time back that introduced the idea that more money would be needed. They mentioned equipment financing as a possibility but usually when companies say they might need more money they will need more money and they usually dilute to get it.