burnakura feaso out, page-10

Burnakurra was never going to be a game changer at current CIL estimates but I see this as a very positive and symbolic moment for the company. The 'Murchison Gold Project' is a story to be unfolded with what management believes to have steady growth potential. In the short term this represents a fundamental shift from wannabe to reality. The drill program and heap leach should improve returns and mine life but the important thing for market faith in management is to stay on target for production.
Coff, if Andash gets the nod then a capital raising later in the year should be at much improved levels and possibly decrease the size of the dilution. CR’s are most feared soon after consolidations. At this stage there is no talk of this in the short term. If Andash is pushed ahead of the scheduled 12 month construction phase then I don’t think the market will mind a CR for the return will far outweigh the cost.