Ann: $3m Placement to Advance Kalgoorlie Gold Projects, page-7

They either need to pause all works soon to conserve cash or look for an exit after the next infill drilling campaign.

everyone knows in this game, raising to advance a prospect is an opportunistic game, simply put, raise at higher levels when the market rewards your exploration success to support the advancement of the asset. Otherwise, there just isn't any real value creation when you factor in dillution vs cash raised.

The SS will be under-cooked because of the lower then expected conversion of resource from inferred to indicated. Can't have too much inferred in the SS. The production profile will be circa 550-600koz. The potential is there for more, but they'll need to spend at least another $20mil to get to FID.