Our friends, page-45

That's what I was replying to.

The numbers tell the story. IMO number don't lie, people do.

Would you expect to ring a company and them to tell you that it's all going badly and we're desperately needing capital?

@thegoodoil21

Imo A BFS is going to cost millions of dollars. You've just said that the wet seasons coming, how do you think you do work required for the BFS?

Refer to page 6 of the quarterly, the timeline outlined for the BFS is from January to the end of September which is the next 3 quarters?

You yourself just said the burn has been cut back to $1.648 million because of the wet season and so therefore little or no work. Therefore IMO by using the assumption of little or no work using that burn rate alone for the next 3 quarters is $5million and that's without paying for the BFS!

Don't believe me, talk to your own broker / financial advisor as IMO I'm sure they will Tell you the same thing.

As the company has indicated This project needs hundreds of millions of dollars to develop. To date only one company has been able to be financed as I've said over and over and it has raised $400 million in equity. They announced a cost overrun 2 days ago and that they were still trying to obtain $50 million in fianance on an unencumbered project that is two thirds of the way to being built!

There has not been $1 of finance obtained in this sector and until there is IMO you must assume every dollar required for this project has to be raised through equity as it is to date the only precedent that has been set.