if the DFS would give the broader (non-holder) market more confidence to invest it would seem to me to be a false economy to bypass it because bank finance is un-necessary (as an aside it's a free kick for the shorters who presumably would have been burned by how spectacular it would have been)
you could potentially raise capital at a higher price (assuming the DFS is very good) which is worth tens/hundreds of times the cost of the DFS in terms of building shareholder value
I know he is a maverick etc etc but this kind of approach gives me the pip!
good to see a mining lease though :-)
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