Hi nimbus24,
"Then they would already have done a preliminary SS and put in progress a procurement program and started to do some of the preliminary site work for a pilot plant. In order to save vital time. In the same professional way that NTU did with their mine in north
of WA which is now in production in record time. (I hold)"
Management needs to weigh up the costs of those types of forward works against funding options available at the time.
I'd prefer CLA wait a little longer and capitalise on SP appreciation before undertaking the works you have suggested.
Why raise for those works at 5-6c (CLA SP 6 months ago) when you might be able to raise at 20-30c once JORC & MOU news is built into the SP? At the end of the day, dilution is what kills shareholder value, it should be avoided as much as possible. I'd rather have 600m shares on issue than over 1Bn.
Cheers!
Hi nimbus24, "Then they would already have done a preliminary SS...
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