Cash is $61.m as per the preso. This is interesting despite the...

Cash is $61.m as per the preso. This is interesting despite the unrealistic timeframes for anyone with experience in ming development. 15 months to go from scoping study to a full bankable feasibility study is simply not gonna happen. And the cash in hand will barely get them to end of 1Q19 especially with drilling to take place. When to raise more is an important consideration...

At least management is saying "aiming for" which is acknowledgement that its a stretch. Scoping study should be out soon providing the bull case scenario (as costs will be higher in the PFS and BFS as well as capex). Once that's out and you discount it, then one can assess if the project has legs to attract investment. 95% of scoping studies (1 out of 20) never get funded so it's wise to be caution until feasibility is out.