major project upgrade ..., page-35

Thanks jantimot,

Again some very good questions, which all get answered in time.

You say it clarifies nothing; I disagree as it states they will not dilute shareholders at the current low SP.
Some around here had suggested significant dilution so that puts an end to that.

We obviously read into these announcements and fundamentals of companies quite differently, fair enough.

I deduct from the announcement that they are a real possibility of early sales, so I would suggest they will finalise the
advanced discussions with smelters for the purchase of the DSO and Native Copper.
Then move to the maximum amount available on the revolving credit facility based on the ability to service from early sales.
And that’s when you will get your answer to how much, what terms and by whom.

Everything takes time and all questions get answered in time.