OGM doesn't understand the financing.
- WWI Require US$54M (US$44M if gold is at $2200) as per the DFS
So, let's work with US$44M. Finance will cover 50% to 60% of the funds required. Let's work with 50% to be conservative, so that leaves only US$22M left. MQ wants to minimize share holder dilution after all he has 40M shares himself and was talking about a bridging loan. I wouldn't be surprised if the whole US$54M gets financed.
With an ASIC under US$1000 with gold at $2500 this is a no brainer
I wouldn't be surprised if WWI get the whole US$54M financed.
Ann: West Wits Completes $1,500,000 Capital Raising, page-20
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