Hi Hergerr,You're correct. Tuvatu is not at a lendable stage....

Hi Hergerr,

You're correct. Tuvatu is not at a lendable stage. Tuvatu aquisition and feasability study needs to be funded by equity, which requires AMG to issue a significant number of new shares (approx $10 - 11 million worth).

If AMG can get this fundraising away they will then have the cash to complete a Bankable Feasability Study (duration 12 - 18 months). A properly completed BFS is a business plan that banks will lend money on, so mine construction could be largely debt funded if BFS is positive.

Placement at 3c would be dilutionary, but I could live with it. I would be happy to put my hand in pocket and take some 3c scrip if it was offered to retail investors.

R/happy