Ann: Kolosori Nickel Project - Early Works Completed Successfully, page-18

Any chance you can share the broker report or at least the source? I think you are right there will be a cap raise, real question is how much and on what terms? Capital is needed to develop the mine and can't imagine any bank lending against a resource yet to produce, though offtake partner may be willing to put up a financing facility in exchange for offtake agreement. Going by history of SPP at last raise don't think it'll screw us over and imagine a few of the instos on the register will be happy to invest if DFS is decent.