They had $16m end of March. There's been quite a few recent presentations, so I'd say there's an institutional capital raising soon for working capital to push through to final designs and early works.
The KV project will be funded in the same way every project is funded - by a syndicated loan book and convertible notes, backed by KV asset value and paid off from revenue.
There's nothing new or tricky about funding and building mines in Australia. The hard part is finding something worth funding and LTR's done that.
Ann: Investor Presentation - Moora and Koojan JV Projects Update, page-246
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