Your post is hardly a revelation TJ, they will be mining in 18 months if all goes to plan so it is obvious they will need more cash to get to that stage.
The plan I believe is to use adit material to help fund mine development and construction costs at least in part. To do this they will need a mining license, the current capital raising and additional facility will easily see then through to the point where a mining license will be approved by so this is not an issue. If the adit material is not sufficient to cover all costs then at the very least the company will presumably be in a position to enter into a debt arrangement for the remainder.
IDC Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
