what will move thr forward

  1. 3,731 Posts.
    Is it proven reserve?, or the off-take agreement? I don't think they are big deals.

    The reserve is there, just need to convert it from resources.

    Off-take agreement? Not necessary. You can sell your products on spot

    IMO, the completion of project finance is the key.

    The worst case situation is shareholder finance it.

    $60m is all we need. Just need to issue 300m shares at 20c each.

    Or find a way to jack up the share price to 30c+ and only need to issue 200m shares at 30c each.

    The case follow on fully diluted basis is about 15c per share...

    I guess this is the way to go. I believe it is pretty hard to get finance for a 4 years mining life.
 
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