Conix, as far as I know there will be 3 different steps.
John wrote me that he should have the new reserve and financial model (for Molyhil) mid October- so that's any day now.
Then these numbers will be presented to the short list partners.
Probably end of October or maybe a little bit later offtake contracts could be signed.
With the pit-design and these contracts John has then to raise funds for the capex. Maybe we will get pre-payment from the metals trader. Maybe debt or equity financing- perhaps a combination of all.
IMO we possibly get a financing-package end of November or in December.
Add to My Watchlist
What is My Watchlist?
