[ATTACH] [ATTACH] TB, The cash raised is to operate the company...

TB,

The cash raised  is to operate the company and finish drilling and reports to hopefully improve (look pretty positive from drilling  results) and move some of the Resource into a reserve, and most importantly try delivering an increase to measured or proved amounts to the reserve

ATM there is 28300T in probable reserve, so thats a greater chance of 50%


Money raised will seek (from drilling results and studies) to move some of that existing to probable to proved and hopefully bring alot more in the actual reserve statement, and the DFS to then state what amount of cashcould be generated and for how long the reserve  could mined

Sure from drilling results of late etc it seems very very positive for some material improvements to R and R, Some have already done modelling and predicted much higher SP


Money raised is to continue drilling and and deliver these documents, to make a really solid business case for a metal in (and projected to be in high demand for some years ) thanks to governments globally wanting to electrify.

I dont want them missing a step and just restarting, those that do that generally run into disaster because they do not actually have confirmed and actual data to back up their business plan.

Dont get me wrong Its looking pretty good on drilling,

DFS and studies coming money raised will be able to finish and pay for these essential items
Plants  exist already and studies complete with costs to restart
R and R exists and is looking to be extended

Restart will come soon enough if the results deliver on paper, many have estimated already the potential size


time will tell

GL