A very nice analysis. However there is no chance on earth that...

A very nice analysis. However there is no chance on earth that we will need to issue another 76 million shares. Simply zero chance in my opinion. That is more than double our current SOI, which is impossible. We have a once in a generation (or shall I say, generations) discovery and getting finance is not going to be a problem.

Just look at De Grey Mining, they currently have 15 or so global financiers interested in bankrolling their production. That is not even a once in a generation discovery but it is significant.

My guess is another $200-$300m equity raise, with the rest financed using debt. Maybe a payback of 3 years or so. It might take us closer to 100m total SOI, but I highly doubt that will be the case as we are raising on the way up the share price. Most probably 85-90m SOI in the end. Remember if the share price is $20, then we only need to raise an extra 15m to get $300m cash.

GLTA!