yes, you are right
BFS not completed yet
6 months left on engineering studies, put on hault to allow for resource base to expand first (logical thing to do)
Next six months is resource base expansion AND concluding talks with Asian player to sell/off-take uranium
This player will then come on board and
1) Take equity position to provide funding
AND
2) Want to see the uranium ASAP - hence BFS will then be concluded and construction commenced
I.e. time frame of production is shown as follows: complete BFS within 8-12 months > begin construction > commence mining after another 9-12 months
Toooooooo easy
My suggestion, take a slice of AFR now before the Asian co do - because an equity position by these guys will be acquired at a higher price
jmo, dyor as I have done
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