Capital raise should not be needed. the $25us/ton of ore,which should start forthwith will supply sufficient cash for ALL ACTIVITIES. SA and PNG. In all over $6m for a full year.
Many long term share holders may wish to take some money off the table,but that is very shortsighted as revenue is low risk. Resource base in SA is quite significant over !.3mill oz and much more to be drilled out.
The real kicker is if they can get PNG producing gold, from reports a deal is in the offering. The company could be in production here within 2 weeks of getting unfetted aaccess the leases.
This will make the 8c price look a little understated.
Far East - 8 cents by Xmas, page-24
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