Thanks for posting. Had missed this one till now.
My biggest questions are what are you going to do if westgold cant Toll treat as they don't have any extra capacity.
Also I'm not familiar with the west gold treatment process but is it even applicable to the ore from Barrambie? Just because its also gold doesn't mean it can be processed in the same way or even if its complimentary and worth westgold doing toll treatment.
How long is the permitting for each project going to take as I'm guessing despite the fact that the deposits are on previously granted mining leases that EPA and Native title permits weren't really a thing back in the day and both of those can throw big handbrakes on things timeline wise.
If they don't find a buyer for the Titanium where is the money coming for the exploration? as drilling holes isn't cheap. Just lucky the first targets seem like they are from surface.
At 2.67quaters of funding left we aren't coming into this in a position of strength and if we have to raise again (which it looks like we'd have to do regardless at this stage as it looks so tight) its really going to hurt. Given we have been hovering around .007-.008 the last few months a placement is likely to happen at about 20-30% discount of 7.5 so we are looking at raising around .06 and adding around 170 million new shares to the register if they want 10 mil (bare bones guess) to progress the exploration drilling, mining approvals, and mining plans etc and that's not allowing for a lead managers handout or any actual works like striping for open pits or installing camps and facilities.
The more I look at it the more I want them to hurry up and sell the titanium rights asap!!!!!
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