RE: tomorrow7 Sep 2018 10:14
On RHA we are funded through the last placement to do the necessary work on RHA, including drilling and survey work, and to get it into production. He has said after that interview that he will not be looking to to equity again to get RHA into production. This s very welcome!
The KDNC deal, if it lands, give us the money we need for Zulu.
And in the wings, once we have landed 90% ownership (which is a formality), we have potential to call in a JV on RHA, following the drilling work we are currently undertaking there. That JV will release further funds.
I'm not worried about dilution at this stage, as we have funds, with the potential of more funds coming from KDNC on Zulu and revenue from RHA