Capital Raise, page-3

Those numbers are outdated. An updated (wider-scoped) feasibility study was released last month. They'll be looking for ~AU$57m. And contrary to the headline (first) bullet point, the project is not yet feasible. Ni needs to get to AU$10.13, in order to satisfy the modeling presented in the FS. For some analysis relating to the FS, read this and this. I recommend reading that entire thread to get the full context and range of views.

The quarterly report was released last week, which provided an opportunity for further insights regarding the robustness of some of the numbers presented in the FS. It was discussed here - with specific analysis/interpretation here, here, and here (again, best to read the entire thread for full context).