ELM will have $8,727,000 at 30/9/12, according to their forecast...

ELM will have $8,727,000 at 30/9/12, according to their forecast in the last quarterly report

imo, this is enough to complete an Indicated JORC for Dougou

hopefully, the pre-feasibility study will be released next week

ELM are planning to have a JV partner pay for the completion of the Bankable Feasibility Study

therefore, ELM have no plans to raise cash in the near term, i.e., dependent on securing a JV partner