"The placement proceeds of A$11.7 million before costs, together with existing cash reserves of approximately A$7.6 million , is expected to fully fund Aspire to complete Feasibility Studies for the mine and road components of the OEDP to support a planned project financing and decision to mine in 1H CY2019."
The latter, "support a planned project financing" clarity.
We are funded to complete studies, not build. The nature of that funding ? debt/ equity ? How much funding? compared to what Nuurstei required ? My concern is always the dilution component on start up.
The next FMG like stock?, page-207
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