Debt and Equity. The same as it has always been. The challenge is getting MC up so the equity part doesn't hurt too much. Need to get this to $50m+ and even then they probably raise $30-40m as equity.
The wild card on this is that if they go the sulphide route they might be able to stream the 4kt pa of Cu for a decent sum and not have to raise equity via share issuance.
It means the AISC would be higher but given the grade of 4g/t that would still work in a gold environment above A$2,500 IMO
Ann: Investor Webinar, page-21
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