From October 22 update.. The JV contribution is $13m usd of which $8m usd has already been paid.. The remainder will split up with $1m usd going towards the DFS and the remainder ($4m usd) will be spent on mine infrastructure after financing has been arranged.
As for the rest;
To fund the preliminary exploration programs, and project evaluations in 2023- 2024, the Company aims to conclude negotiations in early 2023 with one of several parties showing interest in taking up a substantial strategic shareholding in Antilles Gold through a share placement, which should be undertaken at a premium to the then prevailing market.
I guess the question is what do you/we think the "then prevailing" price is likely to be and what premium is the said "Strategic Investor" going to pay.
Ann: Updated Scoping Study Nearing Completion, page-102
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