They will have to do a CR now if not very very soon.
If they wish to proceed with the copper project they have 90 days to do due dilligence, then a further 30 days to finalise payment.
CR's take time so they would prob need 30 - 60 day min for this process.
Also with the silver project didnt the article state that the full cost will be $12m?
Fair enough that they may have used the $2m from the IPO to secure the project, however another $10m will need to be raised and IMO this will come from a combination of debt/equity.
ROS Price at posting:
35.0¢ Sentiment: None Disclosure: Not Held
