We are sufficiently funded to recommence production based on the...

We are sufficiently funded to recommence production based on the updated EA BUT it would be lovely to have funds in order to continue our exploraton program in parallel.

I would be fully in favour of taking on some debt for exploration ASAP.

If we could get a 12 month loan for something like $12m (at a cost of circa 25% interest and charges, being $3m) in order to recommence exploration drilling, I believe the cost would be insignificant compared to the benefit of utilising 100% of the plants' capacity sooner rather than later.

At the planned production rate of 1.2mtpa and at current Cu price and FX we make approx. AUD48m pa
At full capacity of 3.6 mtpa that figure becomes AUD144m pa
Hence for every week we don't operate at full capacity we forgo the opportunity to earn another AUD$1.8m per week

We have been informed for years that the mineral resource estimate is limited only by the amount of drilling we have done. I wonder when a financier will be confident enough to chip in some money to fast track exploration drilling in order to update the current mine plan?