post-finance re-rating valuations, page-6

Good points Lucky7Country & smuck.

Further to this, we had a robust DFS long before the drill results of 4 June and 11 July (or the new assay results). This means the reserve/resource base (and project value) has been increasing all the while the board have been shopping for finance.

Surely the board will be taking this into account and perhaps have held back until formalisation of these results in order to maximise leverage during any negotiations?

After all, it's not simply a case of 'can we get finance?', it's a case of 'how cheap can we get the finance?'.

As the value of the project increases, so to does our leverage and if that means we save even a single % it's worth a little extra time IMO. I would like to see us get the BEST deal done, not the fastest one.

Cheers,

Freighter32