trading halt substantial capital raising, page-58

No surprises here - exploration, spares and production works. Shows that they underestimated the real cost of getting to production by $4 million (2.5+1.5). Also demonstrates that cash flows will most likely have to ramp up so they have sought approx $7.5 million for working capital and exploration. They will probably be processing low grade material initially.

At the end of the day this is substantial additional cost that they should have been aware of when they did their last raising. I am still concerned that they haven't indicated their expected cash costs per ounce for the plant. No accountability on management if they don't set financial targets.