Ann: Peko Inferred Resource, page-10

watching:

1. Latest 65% Fe fines @ USD109.05/t. Would like to see it somewhere closer to USD120/t;
2. Waiting to see vessel loaded ex East Arm Wharf mid to late November. This will provide confirmation of steady state operations.
3. Looking for cash balance at around A$3.5m @ 30/09/2022 which will be reported on or before 30/10/2022. Again confirmation: full settlement last capital raise; steady state operations; and progression precious metals effort
4. Finalisation of funding deal with Regal Funds Management. It will hurt but it will happen
5. Signs of a capital raise <= March 2023. Expecting around A$10m to coincide with 2nd vessel; near commissioning of precious metals recovery plant; commencement of 2nd half interest rate gouge; commencement new facility.

I wonder if the management team are up to it? I'm not sure the market is convinced.

Here's hoping for all of the above