FNT 7.69% 2.4¢ frontier resources limited

I think the CR will be for just the feasibility study and the...

  1. 734 Posts.
    I think the CR will be for just the feasibility study and the drilling, not the $30 million needed to get operational. The financing of the $30 million will only come once we understand the economics/feasibility. Also likely to be a mix of CR and debt.

    Agree likely FNT will try to be parsimonious in their approach - I certainly hope so. I understand SBM approach was regarded as gold plated, and I seem to remember some criticisms of their management and operating/investment decisions wrt Gold Ridge - that their costs were way more than they should be because of poor management. Whether this was so I guess we will find out in due course - from the feasibility study and actual future operations hopefully.

    Cheers all
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