Path way to funding...
"Initial preferred funding will only be partial..."
"Further funding and development will be achieved in parallel"
Total funding required $38,000,000
NPV $323 million with conservative basket price used ($1687) upside huge...
IRR 97 % pay back in 22 months using a discounted basket price. ($2500) MNS
It has been noted that the EIA is now with the minister for endorsement and signature.This approval is imminent how ever as stated in previous announcements the mining licence will then take 5-6 weeks if precedent is applied.Walkabout have stated that only partial funding is required to remain on fast track and to achieve outcomes in parallel and not the base case of a sequential operation. Parallel understanding was achieved by observing pathways and road blocks identified by the competition.
"Turning disadvantage into advantage"
Walkabout Resource appear to be indicating that funding will be secured in a staged arrangement with development.Funding will be secured in parallel with development and long lead item's will be prioritized with first funding along with cash for logistics of equipment for camps. This is based on what has been written in articles and announcement analysis.IMO
Source of funding possibly from small cap funds....
Croc
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Path way to funding...:cool: "Initial preferred funding will...
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