Ann: Funds From $6m Royalty Funding Received, page-92

It is hard to imagine that with a plant maintained for almost an immediate start up .
No permitting requirements and capital mainly required for working capital for mine development before first revenue that the mine will not start .
The drilling is building the reserves base and consequent mine life .
The company is funded to do that for a while and the results so far are very positive.

It is a matter of when not if but that is where the uncertainty lies .
Will they be able to get a loan to fund a start up or a combination of a loan and mining contractor payment holiday or will there be a credit raise in the mix ?

All the Cu development and production companies are seeing their share prices fall as the Cu price tanks.
Some development programs have been delayed or cancelled .

A FID and a loan Announcement would see a big recovery in the share price but that probably will not happen before more drilling results come in and the mine life based on reserves is extended .
Once revenue starts then a loan payback is very fast based on likely Cu prices.

A lot depends on where the Copper price bottoms out and the economic news is very gloomy at the moment .

There is an opportunity here but where will the share price bottom ?