The $40 million is at @speculator101 's estimate,'k not a fact or a figure stated by the company.
The. company had a May 2018 total upfront capital cost estimate of $131 million with $107 million just raised via debt funding, meaning the shortfall on upfront capital estimates is $24 million.
I wonder what effect the move to contract miners over "owning" the mining fleet will have on the upfront capital requirements for the project. Is it a move to try and reduce equity capital dilution? Esh
Ann: Quarterly Activities and Cashflow Report, page-19
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