Not sure about dilution but we may get 3 bags before dilution comes into play if it actually does.
The BFS will tell the story. This may well be debt financed in total depending upon further refinements/reductions in OPEX and CAPEX and the price of the main elements to be sold as time progresses toward 2018. Ngualla looks to be a very good viable project even with rare earth elements at historic low prices IMO. The results of the BFS will tell us how this project will be financed so IMO no chance of CR or dilution until then.
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Not sure about dilution but we may get 3 bags before dilution...
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