Good to see still over $10m cash (2.7 quarters) in the kitty...

Good to see still over $10m cash (2.7 quarters) in the kitty +@$4.75m in 6c options (last I calculated) to be converted by April 2022 = no worries re: general working capital requirements.

So finance wise, its all about the remainder of project funding, which will be mostly (if not all) debt based & likely to at a low-mid single digit finance rate IMO, especially given the already large equity commitment from CATH.

Payback should be under 2 years i.e. post BFS.

GLTA and have a great weekend.

Cheers
Elpha