I am confused. WWI presentation talks of peak funding of US$54m but does this refer to steady state of 70,000 oz pa with no mention of stage one with toll treatment and contract mining.
Surely the US$26m hopefully would be more than enough to get this off the ground.
We have had no breakdown as to the first stage costs, so I am at a loss to understand why we need to raise further capital.
Ann: Change of Director's Interest Notice - Michael Quinert, page-20
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