You are right, CMM is in the 'boring engineering' phase, but there should be some significant news released over te next 4 months, culminating with the DFS. The DFS will be pivotal, as there is still a wide range of broker estimates out there on CAPEX, AISC & LOM.
So there are some key numbers the market will be looking at, CAPEX will be high on the list, as will the % of the resource that makes the measured & indicated classification, and then the mining plan giving a hard figure on mine life. AISC will also be key, both over the LOM and in the first 1-3 years.
Without a CAPEX number, we just don't know hoe much they will need to raise. I'm hopeful it will be well below the $120mill number used by Euroz.
Resource upgrade imminent, says top columnist Barry FitzGerald, page-28
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