Simple really isnt itAll we need to do is put a placement or Cr...

Simple really isnt it
All we need to do is put a placement or Cr for 10 billion shares at 3c each which will give us $300 mill
Almost 20% our required capex
We then recruit an offtake partner
For $300 mill capital injection and a guarantee that she is prepared to take off all our product with nickel based on $8lb(plus the $2 premium) we choose our offtake partner Admittedly the prices have been below this in the last 5 years
Because the cobalt market has been uncooperative for 5 years our offtake partner will also need 10 billion shares
So armed with 40% of our running costs we approach the banks
This is merely a question selecting the basket of loans from the many people waiting to finance Australias most advanced laterite new project ,This is obviously true because we were told this at the AGM 3 or 4 years ago
The banks know the prices will remain higher than they have been for 5 years so so they will be fighting for their slice of our loan potfolio
Now all we need to do is pay the banks back the $800 mill we borrowed and the cash should start rolling in
And remember a good chunk ie 3 /23rds will belong to current shareholders unless the board again reward themselves again with a new large chunk of shares they so richly deseve