Ann: Quarterly Activities and Cash Flow Reports, page-92

How many times do I have to tell you that it's an estimate provided by WWI and will change? The $90m is an estimate provided by WWI. It's not static and no-one said it was.

The funding need is $90m. As state by WWI. Debt, equity and revenue. As stated by WWI. They don't need to raise $90m and no-one said they would. They have accounted for revenue to count against total costs.

WWI have quoted finance needs and project costs in the same sentence. It comes out as $90m. I can speculate to the breakup of this in regards to the amount of equity, but we won't know until it's announced.

I've never had someone argue with me so much by repeating the same information (that I haven't posted) and remarkably all I'm doing is posting what WWI put in their announcement.

But to be fair if anyone else on the forum thinks that this doesn't indicate a projected total of $90m please let me know with reasoning:

"...will deliver approximately 55% of all project funding for Qala Shallows gold mine. The IDC will provide an amount of up
to ZAR 465 million with Absa providing the balance. The remaining 45% of project costs will be funded through equity and early revenues".

lol.