IFE will need to raise $10M for capex as previously advised to the market. What interests me is when will they announce the contractor funding for the capex of $35M and what sort of sureties they will need to give to have the contractors happy to commit this large amount of capital. Before this is finalized of course we will need a DSO mining reserve announced and release of the BFS.
TRF Price at posting:
76.1¢ Sentiment: None Disclosure: Held