I've done my research - I've looked at the corporate overheads, the cost of the leased equipment, the exploration top ups as required by the JV.
I've also relied on the words of the MD who first mooted the potential need for more capital earlier this year.
It is not scare mongering, it's a rational perspective based on previous years of operating costs, a declining SP limiting the number of option conversions, should the SP stay deflated and the additional costs associated with hiring new staff members.
BIG weeks ahead for LOM, page-68
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