Ann: AUD50M Secured Offtake Prepayment Facility for Nifty Copper, page-181

"Just needs some finance"

That sounds flippant...Baz has said financiers have become cautious and we can assume that caution will become even moreso as the global economy stays in this recessionary environment on the verge of entering a recession. Who is going to pony up a Quarter of a Billion dollars for a 6.3 year mine life? Options: sell the concentrator, it's arguable if Nanadie or Maroochy have any value, if so it would be at giveaway prices.

If by some miracle there was an offer of finance on the table the payback period wouldn't be 2 to 3 years, it would be more likely 4 to 5 years+ and that eats in to the 6.3 year mine life...and that's assuming the copper price is at the right level.

Baz didn't start the war, or the recession, so he and all other investors need to sit tight.

It's pretty hard to see the share price dropping too much more.