Costs are rising albeit not as fast as the gold price. Total finance is linked to the gold price but will be dependent I assume on what sort of price the lenders use. Ideally the finance provided is upfront as they will allow us to get started and move towards production which will likely see share price growth which will allow them to raise equity as needed at a higher share price. As the Commercial Bank and IDC are working as a consortium this would be a good outcome although I think IDC by itself has stipulations around this so guess we will have to wait and see. Obviously funders will have details on costs from appointed contractors.
They don't need the entire funding package upfront so it would be better off being staged as needed.
I would have thought that in addition to bank finance they do a streaming deal as well but that hasn't been mentioned.
WWI Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)