yes conversion today puts in around 616million Australian so$220...

yes

conversion today puts in around 616million Australian so

$220 raised

$396 million still needed so let's see what management can do on that part. A forward sale's contract will help to acquire the loan from a financier. So let's assume DYL can raise that cash under decent terms 25-35% of tumas production. and they don't need to raise again unless issues occur or inflation further increases

a big if but

if they come back to the market for an equity raise in 1-2years time for extra funds to help get tumas up and running, based on fundamentals and future long term pricing
that we can assume would probably be over $100 per pound which would translate to a share price above the current levels

let's hope the rumour is true and a african developer by the name of DYL has been approached by a chinese utility for investment of future production