Ann: $5 million to fund development of Isabel Nickel Project, page-30

What milestone?

Anyway, mining companies do not work like this swoopa. Before capex is funded everything needs to be properly costed (feasibility study).

Construction companies are the same. Which construction company raises part capex based on an idea, or back of the envelope numbers? Everything is properly costed by an independent accounting firm or whatever. All the documents are in proper order.

Seriously, are you guys really that daft? There is currently nothing RM can walk into a bank with and get finance or get finance from an offtake partner. There is no feasibility study nor jorc. For someone to fork out millions they need to see some kind of report.

This cap raising is for admin (working capital). Nothing more or less.