"The funding for the Project has been included on the premise that all project development requirements will be funded by the PLL agreement, and any additional funding required by the company will be via cash or equity. "
With only 605 million shares on issue and a market cap under $400 million, I see little concern regarding possible dilution due to capital raising. Bring it on.
And there are so many environmental, logistical and operational positives highlighted in the PFS including this little snippet: "The mining contractor mobilisation, site establishment and pre-production costs will be amortised across the first year of operation, in negotiation with the mining contractor, in order to minimise upfront capital cost. The impact of these deferred costs is incorporated in the financial modelling applying an interest rate of 7%."
With a forecast average LOM EBITDA of $248 million per annum, not to mention 560 square kms of prospective tenements in Ghana, and another 774 square kms of similar underexplored Birimian geology in Cote D'Ivoire, I am a contented holder right now.
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