Ann: Feasibility Study and Project Finance Updates, page-60

I wouldn’t be reading too much into CDV bringing their feasibility study forward. WAF and EAR are likely having delays because their recent drilling has to be integrated into the reserves and then revised mine plans. The reserves for CDV at Namdini and the mine plan seem well defined and not changing a lot from the PFS that was already released.

As pointed out above CDV has plenty of cash to get to the end of feasibility, especially with the cash (A$17M) from the options coming in September. By then they should have a fairly clear plan on how to finance this thing. In the pessimistic case where they can’t get a deal and have to pay back the loan, then yes they will probably have to do another raising by the end of the year.