No, they already have enough Tonnage to attract offtakes and Finance - no issues there at all with open ended pegs. Chris has already stated that its not about adding right now. Extra Tonnage will make no difference now.
Its about spending on e & e for the DFS completion. Anything they can squeeze in for drilling fine. The last thing the BOD and holders want is to spend heaps on drilling etc and have another CR at low prices where the BOD have to buy because no one else will touch shares like last time. The BOD would want to avoid another CR before Offtakes at the very least are in place and likely finance as well. Hopefully offtake deals will include prepayments.
Its now clearly all about progressing the DFS and going hard at Offtakes and Finance.
I have no doubt at all that the BOD will be watching the pennies carefully.
Re-Rating: General Lithium & Mali Lithium, page-51
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