Interesting stuff.
The $1 m loan from Sentient came in after the books ruled off. So no debt will show on the books at 30.6.17
One year ago there was a capital raising of about $11 m and $5 m of that was for day to day running of the company to last 12 months.
Therefore my take on the $1 m raising is that we COULD expect a decision to construct the mine in 73 days
News: IRD Iron Road's central eyre iron project's estimated capital cost reduced by nearly US$300..., page-3
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