Agreed, what would be chances of securing loan funding at the moment? Even if we secured it a few weeks ago the 'material change' caveat on a dropping (short term hopefully) copper price might have hurt us. Time is on our side for this bout of volatility to pass through with copper sales 7 months after FID.
The capital raise seems to be turning out to be a very well timed decision. Probably wouldn't want to try to settle on terms for that now either!
Finally a timing related event going our way!
Ann: Mine Extension Drilling to Commence at Kanmantoo, page-16
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