Hi All,
Yes, that was my understanding too.
The access to finance is almost as valuable in the current market as the cash received from Wisco.
But the cash from Wisco will allow CXM to get their DSO going, whilst still drilling both the magnetite JV and Wilgerup.
And now 100% of their DSO has an offtake.
All in all, you have the great balance of a cashed up junior with strategic partners, 'near-term' DSO sales (and hence cash flow), whilst drilling and developing a huge magnetite project with major Chinese partner(s)...
did I miss anything?
Y
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