Article on lack of new copper discoveries globally, page-8

My gut feel is that the $17m cash at bank at 1 July will be sufficient to get us through to a T3 DFS and decision to mine in March 2019, though this will be dependent on exploration success - which may mean adding more rigs and burning more $$$ (a good thing).

They’ve previously stated up to 70/30 debt/equity financing, I tend to think they will need A$250m in March 2019 to both fund construction of the 3mtpa T3 project and further exploration / working capital. I think they will hit equity markets in Aus and LSE (new listing) for around half this and the balance funded through debt… could also be some sort of arrangement with Sprott for debt and/or equity as others have suggested previously (provided no takeover).

I envisage the SP/market cap to be at multiples of today and dilution of raising that c.A$125m will be <50%..(even with MTR executing their free options) but all is pure speculation.

Bit slow around here.. to the point where we now speculating on financing over 6 months away...