And that shouldn't be a concern for very long. At a burn rate of $12M a year, that's about 12 dore bars. It took them a little over a month to produce that using the smaller smelter, so if they can produce a bar a month, they will already be break even. And that's with the smaller smelter. Wonder why they are building a bigger smelter?
Can you even think where the SP will be the day they PR they are break even or making money!
The issue for me is:
SFMI has backers who will continue to finance them as long as it takes- which won't be long now.
to me that = short term lower SP and a chance to buy back in at a lower level. IMO - we will see!