personally I do not see a meaningful financing until after the DFS. That does not mean a heads wont be achieved, but the DFS is a critical doc. I also think that the financing will have some significant conditions such as due diligence, etc.
It may be that a significant off take agreement is done first as a precursor to the financing. That would be good especially if the finance is not coming from an end user. I personally suspect this is what Paul has been alluding to recently.
That said, the answer to your question is anywhere between 10 cents and 50 cents.
I personally feel TNG will effectively need to give away up to 50% of Mt Peake to get it done.
that would not be so bad for shareholders if we can avoid a huge capital raise at these current prices. such as a billion shares to raise 45 million.
I am hoping for a exit in that range. with 3 million shares, that is one shinny new red beast in my driveway. That is why I continue to be shown as a seller, but I am not actively selling.
UM
TNG Price at posting:
4.7¢ Sentiment: Sell Disclosure: Held
