Project costs is 40 million and includes pre production. They...

Project costs is 40 million and includes pre production. They are looking at financing options up to 45 million.

There cash will run out end of this year. They probably need 5 million of working capital to get through to next june - July.

They may not need a capital raising, but I would prefer for some good news over the next two months to get share price up around 20cents. 5 percent capital raising would be around 5 million @ 20 cents.

That would leave them with 45 million for the project with plenty of wriggle room.