Been in and out of this stock for 5 years. Decided to give it a miss sometime ago. They will have to raise a considerable sum (can't be bothered going back through records) to get Pilot Heap Leach up and running. This was initially mooted, in company announcements) for early 2024. I remember an interview where IB stated the cost to get the substantive Heap Leach up and running, subsequent to the Pilot Heap Leach would be in vicinity of 270 million. Saw better opportunities elsewhere, particularly with the slow rate of progress (yes I know resource increased, endless drilling) to date. Don't doubt IB's integrity and the latest appointments are a promising sign but there is going to be some serious dilution and or worse, debt, to get this up. Good luck to those that still hold and see the potential, just not for me.
STN Price at posting:
23.5¢ Sentiment: None Disclosure: Not Held
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