$16 500 000 in the bank. $85 000 000 from institutional investors. $10 000 000 from current holders.
= $111 500 000!!!! in the bank!!!
That's a hell of a lot of money to progress :
Definitive Feasibility Study of the Mbalam Project, including mine, process, transport and port infrastructure; undertake drilling to define further High Grade mineralisation on the Company’s portfolio of exploration landholdings; and provide general working capital.
With all this work to be completed (now guaranteed), the funding will come in good time. If you're in for a quick buck, then good luck. This WILL take time.
SDL Price at posting:
15.0¢ Sentiment: None Disclosure: Held