This is good and important news for shareholders. $10m in the bank to finance completion of the PFS and BFS. Plus more $$ to come from retail investors.
We should see the PFS release in about 5 or 6 weeks. Following that we get the quarterly report at end of April and then we should see a steady stream of important updates whilst the DFS is underway.
It will be interesting to see the PFS with updated metrics. We will find out if annual tonnage is planned to be increased along with revised ROI and NPV.
Ann: Successful Completion of Institutional Entitlement Offer, page-2
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