Psyber, You may have misunderstood me when i said "fully...

Psyber,

You may have misunderstood me when i said "fully funded"....I meant they now have cash in the bank that should mean no more cap raising in the short term.

In regards to funding the Sandstone project acquisition and the capital costs of Marda project, the company has said (from aug 17 release):

"Indicative terms already received from potential Marda Project debt providers to fund the $5M cash component of the Sandstone Gold Project acquisition."

"Significant portion of project capital cost expected to be debt-funded with potential debt providers indicating that Marda should be capable of debtfunding up to $25 million"

Clearly there will be some volume to get through above 4.5cents due to the rights issue completion, but with debt funding agreements due to be competed by years end and project development to commence H1 2013, we are now at base price that will only grow IMO.

cheers.