General comments/chat, page-18257

The DFS is planned to be out by the end of this quarter.

I anticipate it at the very end of the quarter given how much work goes into them.

Taking it to "BFS" is more a standard than anything before you take the project to financiers.

BoA's are one method of proving project validity but mining lease approval is the most important.

Banks will also look at company structure, project plans, environmental risk, corporate structure etc.

They will raise capital twice in my opinion.

Once for long lead items and once for total project finance.

Of course they could do one large debt/equity raise but they'd need to be absolutely spot on in their timeline and pathway to production plan and this rarely happens in the real world.

I hope ADN is the exception.

People think 2 February 2022 is a long way away and they do not realize that in the eyes of project management that is a bee's rod away.