Domun,
I think you have misunderstood me or alternatively I could better convey my opinion.
1. I have assumed the BFS will be positive.
Then we need to consider is:
1. Is that already fully priced into AIM because AIM is capitalised at $30 million AND will have to come up with millions of dollars to get the project underway.
Any money raised by equity issues, whether it be via placements and/or issues to shareholders will be reflected in a further increase in AIM's market capitalisation.
500 million shares will only raise about $25 - $30 million based on current prices, which on figures released appears to be nowhere near enough. It also doubles AIM's market capitalisation.
Domun,I think you have misunderstood me or alternatively I could...
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