crunch time, page-6

crunch time? cap raise time! 'where' would they raise..mid or low two dollars?

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5.31MT 35% Indicated /65% Inferred 43% • Commencing pre-feasibility study
on initial resource
Upgradeable* to:
Fe% SiO2% P% Al203% Mn%
67 2.38 0.014 0.50 0.02
• Ongoing exploration to increase
initial resource
Product (USD per ton of
65% concentrate)
Benchmark FOB Price
L $73 82
• Low mining and beneficiation
costs
Lump 73-• Low capital expenditure
Sinter $70-77
Financials USD
• Transport options available
• Mining license in place
Capital Expenditure ~$5m
Mining $5-6/t
Beneficiation $1-2/t
Transport to nearest Port
(Espirito Santo)
$13-16/t by rail and $36-44/t by
road

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....any opinions?

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I have no position in this stock, watching - my disclosure