Ann: 2.2 Million Ounce Resource Estimate Transforms Morila, page-194

Yes. And it is very very clearly stated that it is assumed that both of these issues will be funded through cash flow from mining the smaller satellite pits first. You're choosing to read only the details you want to and manipulate what is written for your own purposes. Considering all this I don't see a capital raise in the foreseeable future. Also they have stated that the cost of refurbishment is significantly less than the $30M anticipated. Can't remember where I saw it but it was there somewhere I believe in January.