pre feasibility (doesnt cost $5m) feasibility studies
100m spacing is needed for a measured resource uty why would the company do that now.. there is a process i am sure they will go through
negotiating rail access with gvk would be one thing feasibility study showing cost of tapping into that rail and also extracting the commodity from the resource another step forward
etc etc
once the market becomes more certain that they are on the way to mining then the market value will recover and a raising at the appropriate time may be undertaken....
you are a glass half full kind of guy arent you???
the 2 major shareholder will not undertake a raising of size anywhere near current levels and dilute as such...i am sure a further loan if required could be worked out too...but i cant see the need for that at all for the moment.
At the moment the cost of debt is far less than cost of equity so why not use that to the company's advantage i am sure a heap of junior's would love to be in the same enviable position
EER Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
