Ann: Company Insight Interview - Updates Wilcherr, page-3

re: Ann: Company Insight Interview - Updates ... Not sure where you got the $25mill figure from, thats the market cap not how much they require.

He stated they require between $13 and $15 million to fund Stage 1. The part that frustrates me is the $8-9 million of working capital, i bet a fair portion of this would simply be maintaing a positive balance sheet a paying wages for the next 12 months.

My guestimate is that best case scenario if they get the funding a port approvals go through fine they *might* be mining by this time next year, june/july at the earliest. The problem is its all well and good stating FMG just raised cash via debt easily, but your not FMG finchy mate. Your a $25 mill market cap company thats lost all trust and doesn't produce a dime at present. $13-15 mill is a pretty big ask considering the market cap, as i've said before if they get the approvals and funds sorted, it could be blue sky's, but still big IF's.