Are you guessing 50/50? At best it’s a misguided and ignorant...

Are you guessing 50/50? At best it’s a misguided and ignorant guess; at worst is deliberately misleading.

If you have any experience in this sector, you’ll know that debt funding ratios are usually 70/30 (70% debt and 30% equity). For particularly high risk, they may go 60/40. This project is most definitely not in the high risk category. It’s a Tier 1 jurisdiction, it’s a strategically critical metal, it’s low complexity, it’s very high grade and low cost.

Together with funding from financial institutions and government agencies, this project will be easily funded. It’s almost certain that we’ll need to raise again but show me a developer that doesn’t need capital. If you’re so dreadfully concerned about capital raisings you should be in a different game. I’m sure if I poke through the companies you hold I’ll find a few that also require capital.