It is reported by AFR that the money raised at this crazy CR is to "fund a feasibility study", I think it is safe to assume the "feasibility study" is the BFS shown below. This means once this BFS is done, Mining Convention, Mining Permit, Project Funding, TO, JV, Offtake etc etc will follow.
Surely CAY Management cannot claim MCC-CIE needs another 6 months and $4 million to complete the BFS!!!!!
Ann: Trading Halt, page-64
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9.9¢ |
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Mkt cap ! $139.9M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.8¢ | $29.53K | 296.5K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 281460 | 9.9¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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