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3.7¢ rafaella resources ltd.

Going along nice Phil, just add a little volume and this will...

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slick

13,630 Posts.

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18/03/21

15:41

Post #: 51871214
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Originally posted by phil365: ↑

I think the CR talk is a bit early mate, In the middle of drilling campaign - which is funded and will add significantly to project allowing for Debt terms to be finalised - needs longer LOM to keep financiers happy, this should be easily done all within the pit outline without having to do major step out.

Met work should be due soon as was in the process in Jan - 8 tonne sample (from memory) to work on fines test work to raise recovery % and hopefully add to NPV and allow head grade cut off adjustment.

Final report on this survey to get drill targets prioritized.

De-risk from PFS - quarry access agreement.

IMO: need all these 4 complete before we should look at CR, Steve looks to be pretty savy with coin, doing direct placement and only the required amount, then conserving cash through the latest EGM swapping director fees for incentive shares.
Could be wrong (and have been surprised by the timing of many coy's CR) but think it will be April/May when we need to raise again. the march 21 qtrly will indicate it in that section too.

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Going along nice Phil, just add a little volume and this will pop! A little window open at .088 but I wouldn't be worried about that, it will only become a technical target if we see a retrace.

Cheers

RFR Price at posting: 10.0¢ Sentiment: None Disclosure: Held
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