"But realistically, the feasibility study could well swallow the whole bankroll. Then we'll need to raise capital or find a development partner in a buy-/earn-in deal. So there'll be a bit of dilution before the money starts to roll in."
Did you pay attention to this bit in the announcement?
"The majority of a Feasibility Study for Paguanta has been completed.
Past expenditure on the project is approximately US$31.5m (A$43m)"
would suggest that its pretty much already there
exciting times ahead, page-53
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