RE:RE:Gov't visitorsPalmer009,
At about the 31:00 minute mark to the 31:20 minute mark of the presentation the CFO states that only 1/3, again only 1/3 of the expected projects capital needs are expected to be derived from three sources, being Customer off-takes, Royalties, stream, debentures and Government subsidies.
Clearly that leaves the remaining 2/3 of the proposed projects capital needs going forward to be raised by way of either massive material equities offerings or earn-in agreements and/or asset leases or outright assets sales.
With each of such sources of capital acquisition being ultimately dilutive to our respective investment equity value.