Exactly qube, the funding updates states they are still in negotiations for the 110 mill funding. It's not stitched up just yet.
All depends on the results from the Kuja and mangal tests.
It also states that if their successful in getting the funding it will help them accelerate the project acquisition process.
Does this mean their in the market for more mines?
Wouldn't it be better to get Kuja and Mangal operating at maximum throughput, get some ore on ships and generate some cash flow before considering more tenement acquisitions?
I might be missing something however it seems a vague update to me.
I'm still on the side until they get some shipments happening. I hope the holders see some results soon.
Watching with interest.
Hosh
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