It does seem to have reasonable odds of being upgraded to M&I,...

It does seem to have reasonable odds of being upgraded to M&I, and having the grade/ounces upgraded too if we're lucky.

- Only needs 0.28g/t to match expectations (what the inferred assumes).
- Lots of high grade rock-chips are up near surface, and that is the primary undrilled area.

But I don't see the ASX accepting a PFS based on inferred, and Cathedral would take a while to get drilled to M&I (so delaying PFS if taking that path).


I think the plan is: the US listing gains us funding (but there will be a delay to projected timelines because we're short on funds in the first half of this year - up to 3 rigs running), then we can re-accelerate drilling, and then there will be fewer delays going forward (assuming a decent amout of funding from US).

Did anybody see something like a prospectus, saying what they'll use the funds for? I'd imagine scaling drilling up from 7000m to 30,000m in the following season - upgrading to M&I as quickly as possible, while drilling new targets at the same time.