one of the main reasons for the delay was that there was a...

one of the main reasons for the delay was that there was a change of personal at sedgmans who were working on the study, Cerro perhaps did not realise it would slow things down as much as they have.
In regards to financing i believe that there are at least 4 offers on the table, two local and two international, i am led to believe that these offers do not involve any significant equity dilution to current shareholders, such offers could be in the form of forward selling etc, any financing deal is conditional on the BFS, so it might take some time but not a long time to get financing organised.