CR SN Mine?

I believe CSD is playing with semantics with an eye on lawyers certifying each word. To wit: CSD is in "advanced discussions" concerning avenues of funding. The funding's primary purpose is to establish Sn production. Semantics again: one can't have "advanced" negotiations without the DFS; therefore CSD's definition of "advanced" would be something different than a normal person's usage; accurate/legal by their understanding, weasel words by critics' definition. So both are right. NB: The often delayed DFS is due for mid 2015. Only after that can discussions advance, if all parties are being prudent. And almost every reputable equity would have legal look at their material news.

Moving on to the form of financing (a topic I think becomes relevant in H2 2015), first off the blocks is an equity raise. The post-CR float would approach 2B. Ludicrous dilution, but be prepared to pony up cash for the special placement to existing holders. Prior to this form of raising I envision a pump up of the sp coinciding with a reverse split, eg 18 to 1. This, then, makes an equity raise more palatable.

Other forms of financing, eg. debt, bonds, convertible bonds, etc. are rendered moot for now because I believe in my initial point above concerning DFS timing. Although, to be left field for a moment, Chinese government funding as part of a macro-economic plan is intriguing (but I just made that up to illustrate funding options).

In any scenario FCF from CSD will be insufficient for Sn production.

Once the DFS is released; once the funding and terms are defined; then CSD will march on proudly wearing the banner of mid-tier miner!!

OV

PS There is balance on this bb, in great part because of Qs. Without bashing one and other some posts are quite thought provoking. Appreciated!