why CYM is a Billion $ company in the making, page-748

@DDBB Here is an excerpt from Barry's email i received some months ago.

"The BFS is a Restart study and is targeted for internal completion at the end of September for financing purposes. Hopefully financed before Xmas.

We are WA based so not so hard to find staff because of COVID times but there are general shortages."

those comments don't reflect at all what happened in regards to labour and covid problems.. Hence my fustration.


in regards to "Would just cripple the valuation and place an artificial ceiling on finance".

Brings me back to why I'm now being critical of my investment and not defending the company. The project will have almost the same amount needed to be raised but possibly less than half of the NPV.

The delay you speak of, wouldn't be a delay. They adjusted the time lines to 10 days from the video and this is why I feel it is rushed. Met work and optimization of the pit, resource, and leaching would have to be updated anyway.

it is a tool to get finance before cash runs too low. This isn't encouraging in my view. But if we get a favourable finance deal then it won't matter.