Funding is not an issue. I know two mobs knocking at the door. The question is the cost of the funding. The cost to the company and the cost to existing shareholders. We need the CAPEX and the operating expenses to see us through to the first paycheck. Can management get 100% project finance at low single figures or will it be 100% equity at a discount? Unfortunately in this climate there will not be a lot of movement until funding is sorted.
Ann: DFS Delivers Compelling Phase 1 Project Results, page-50
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