They need $70m to develope Dagues Reef mine.Say they need to...

They need $70m to develope Dagues Reef mine.Say they need to raise $60m at $0.20 per share, thats 3 billion shares which means the company has about 4.3 billion shares on offer.A total basket case ,a company that is designed for director and management benefits leaving shareholders with SFA.Good luck.
They quotye a cash cost of $800 for underground Dagues Reef what is the true AISC for a mine like this with a very limited mine life.Do the sums,do a Google search on cost of underground gold mines in Australia,thgis is a major fiddle.