Well, its looking good re the lenders - as per the quarterly:
The Yangibana drill program that commenced in June is due to be completed in November. Initial drill results have been supportive of Hastings’ belief it can add significantly to Yangibana’s existing 13-year mine life. A revised mine schedule is targeted to be completed by the end of calendar 2020. The effect of a longer mine life is to extend loan tenures, provide an even more robust financial model and improve Yangibana’s NPV. These improved financials and the additional long-term offtake contracts will influence the negotiations with prospective lenders around financing terms and senior debt facility covenants.
So all up - with the lenders they are lining up, I'm seeing about a 100M cap raise still being required, to actually get this built.
Which I'm guessing could come from a single, strat partner?
HAS Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
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