Patryk - I think it will be coming out of raised cash, yes. But I honestly dont think we need to worry about the additional land required for the plant (about 700 hectares). The land is low cost and will be purchased by CNR - and the nic govmt are already helping with that via their lawyers.
I had the same concerns as you (and if I had been there in Zurich, I would have asked that question if only to allay any possible unfounded fears in the audience about this) and I had my concerns answered,
Lets say that the land costs us, oh I dont know - say $1M - So what? Its money included in the capex for the PFS anyway so if we want to build a plant there, we need to spend it anyway - and the future capex for the PFS reduces by $1M, so thats less we need to fund via debt in the future. It also derisks the project for a buyer so its an incredibly astute move by MC if you ask me... Does MC play chess? I think he must.. ;-)
Of course, it might not cost us the whole $1M upfront - we could pay for it with shares, or perhaps do something even more clever..
So in summary - please dont be worried about the land purchases - as I'm not!! Are you watching the SP today - looking good isnt it! Last chance to buy in the 60's.. Hmm I wonder..
watch the video! Mark clearly states that money has been set aside for the land purchases (1 million I think he said) so it is budgeted for and CNR will still have approx 2 million going into next year (assuming nothing unexpected crops up).
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