Dalradian Resources, Inc. DRLDF

RE:RE:News - Planning application for mine submitted

[R_J_]

Dalradian submits mine planning application; closes C$78 million private placement
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https://s1.q4cdn.com/162468244/files/doc_news/171127-DNA_PR_Planning-Submission-and-Closing-final.pdf
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Louis James Comments
Quote:
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Dalradian submitting its planning application to permit the building of its multi-million ounce Curraghinalt mine is an important step.
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Rather than a milestone already achieved, it means that Dalradian is getting closer to a construction decision here.
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That’s why it’s one of our favorite candidates for heading up the Golden Runway to production soon.
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As important, having just closed the C$78-million financing with Orion and Osisko, the company is entering permitting well cashed up, with more than 2/3 of the C$192 million needed to build the mine in hand.
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This cash allows Dalradian to continue to drill away in support of the updated feasibility study it’s working on, and (once the permits are in hand) it shouldn’t be difficult to raise the rest.
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We’re not surprised to see the shares up since our last update as this story continues to look increasingly better.
[ RJ: Closed 10/31 @ C$1.22; 11/29 @ C$1.40; Up 14.7% or 18-cents ]
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End Quote.
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RJ