The concensus is that the only thing that was holding the Mt Garnet Project from proceeding to the next stage was capital. The capital raised (albeit) at a lower price was mostly taken up for other mining companies (about 80%) which will most likely not be immediately offloaded for a stag profit. The stock is now derisked from a $ perspective.
The monies raised will give them the ability to prove up their resource (don't need much to get over their magic 10 year life span project) and complete the PFS.
The stock is cheap relative to KAS and VMS.
DYOR
CSD Price at posting:
11.9¢ Sentiment: LT Buy Disclosure: Held
