Ann: Keysbrook Funding Update , page-2

Not quite what we were hoping for but nevertheless a very upbeat and positive sounding forecast.

Looks like both the construction of the mine and its operation will come in on more favourable terms than previously indicated.

And with the recent and further hikes in the prices of the products, the maths are looking very tidy indeed.

Two things remain to be resolved:
1. We need offtake agreements, these I believe will be forthcoming soon
2. We need to know if we require equity or will banks roll us for the lot. The latter half I hope.

Reckon that the directors plan to have both these loose ends tied up in the next few weeks. The SP will clearly appreciate significantly once this derisking has occurred and that will bring the oppies into action with cash in the bank.

How nice it is have a crystal ball!