Neville D: Liked your answer.... I have been thinking that RCF has known for some time/been given assurances via a firm handshake/squeeze, that AT-12 and various "NOT regional" drilling/test results plus pending early May? announced deliverables such as the revised Cr 43-101; revised mine economics study; pending agreement with Cliffs on exclusivity-offtake ;road, ...etc,etc .

Wes telegraphed some weeks ago that drill/development money would run out by May, so additional funding had to be done. RCF represents a strategic funding, complimenting Bao goals; keeps governments happy (ON;Feds;CHN); provides the SP structure to get FN in as part equity owners; and still keeps the BOD stated mine build timeline; AND positions ON gov to announce infastructure now that ON/McG libs know they will be in power for 2+ years, and be able to take max credit for the announcement(s).

Opinion only, possibly educated.

Peter