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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