Realistics Timelines, page-3

  1. 677 Posts.
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    I think you missed the point Franciscus. It's not about mining methods or strip ratios.

    It's to point out there are still lots of items to be ticked off the list. Some of these things get brief mentions in quarterlies, but there are few specific announcements and very little actually seems to be ticked off yet (though I agree Native Title seems to one thing we don't have to worry about).

    Regarding the capital raising, what VRX actually said (in the updated BFS) was "The Company anticipates that the source of funding the capital investment at Arrowsmith North will be any one, or a combination of, equity, debt and pre-paid offtake from the project. Whilst no final decision has been made in that regard, the financial model assumes a maximum A$55 million in debt."

    I'm not suggesting it will take 685 days. Equally I don't think it will 185 days either.



 
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