Read the PFS.Youd see the true required capex is about 15mil.You...

Read the PFS.
Youd see the true required capex is about 15mil.
You would also see a NPV of around 10 to 15mil/year once mining which is fine.

They have to go to a bank to get off the ground or another share issue of 15,000,000/.685c share. (Will not happen).

they need to be allowed to mine. And they need to sell it. Both these goals are close.

however this extra cash raise leaves ntl holders either very diluted and functioning. Or. Slightly diluted shareholders with a non functioning mine, but fit for another few years of matts salary.

which one do you reckon it is?