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Gee, KWR spent almost all its money during the March Quarter on drilling and payment for the independent scoping study for the Menzies Gold Project (MGP) open pits. They have less than a quarter of cash left!

However in the comments they now say they are considering a sale of the MGP resources as well as the long mentioned option of contract mining and toll milling. The scoping study estimates a free cashflow range of $95m - $64m for the higher grade material in the scoping plan. So if they succeeded in selling that resource to a second party surely KWR could get +$20m out of the deal? KWR is market capped at only $18m. A sale would pump the company for drilling its tantalising Goongarrie project and hopefully KWR would still keep ownership of most of the MGP including the u/g propects. Living on hopium these days.

"Corporate discussions regarding ore treatment and/or sale of KWR’s Menzies gold Resources have been initiated with numerous parties"

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<blockquote data-quote="finicky" data-source="post: 1119637" data-attributes="member: 2104">Gee, KWR spent almost all its money during the March Quarter on drilling and payment for the independent scoping study for the Menzies Gold Project (MGP) open pits. They have less than a quarter of cash left!However in the comments they now say they are considering a sale of the MGP resources as well as the long mentioned&nbsp; option of contract mining and toll milling. The scoping study estimates a free cashflow range of $95m - $64m for the higher grade material in the scoping plan. So if they succeeded in selling that resource to a second party surely KWR could get +$20m out of the deal? KWR is market capped at only $18m. A sale would pump the company for drilling its tantalising Goongarrie project and hopefully KWR would still keep ownership of most of the MGP including the u/g propects. Living on hopium these days.&quot;Corporate discussions regarding ore treatment and/or sale of KWR’s Menzies gold Resources have been initiated with numerous parties&quot;[ATTACH=full]123577[/ATTACH]</blockquote>

[QUOTE="finicky, post: 1119637, member: 2104"] Gee, KWR spent almost all its money during the March Quarter on drilling and payment for the independent scoping study for the Menzies Gold Project (MGP) open pits. They have less than a quarter of cash left! However in the comments they now say they are considering [B]a sale[/B] of the MGP resources as well as the long mentioned option of contract mining and toll milling. The scoping study estimates a free cashflow range of $95m - $64m for the higher grade material in the scoping plan. So if they succeeded in selling that resource to a second party surely KWR could get [B]+$20m[/B] out of the deal? KWR is market capped at only $18m. A sale would pump the company for drilling its tantalising Goongarrie project and hopefully KWR would still keep ownership of most of the MGP including the u/g propects. Living on hopium these days. "[B]Corporate discussions regarding ore treatment and/[U]or sale[/U] of KWR’s Menzies gold Resources have been initiated with numerous parties[/B]" [ATTACH type="full" alt="Screenshot_20210430-160002_OneDrive.jpg"]123577[/ATTACH] [/QUOTE]

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