Ann: MCB Project receives Certificate of Approval for EPEP-FMRDP, page-26

It would be a challenge, but once MPSA is issued you could fund this with an offtake agreement and a rights issue underwritten by a few cornerstone shareholders (I'd put my hands up for a decent chunk). Also, we wouldn't need to raise $350m. Local partners are on the hook for a large chunk of the development costs. And you could take a more incremental approach to the mines actual development to lower the upfron t capex required (this btw is something SVM are hoping to do). Finally, I agree 1c would be outrageous - almost as outrageous as managements recent idiotic idea of selling a 15% blocking stake in the company to SVM at 1.5c