Doubt drilling will come until ready to extend the LOM. Ideally AR could manage the finance by staggering a few offtakes for pre funding, then raise at a higher SP when funding has been partially derisked. In a perfect world. The teams been working on this for some time now, im not sure banks are that eager to take on a project like this in the current climate, perhaps after BRV has negotiated with other parties to spread the risk.
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- Big River, Big Opportunity - Pitt Street Research - Feb 2020
Big River, Big Opportunity - Pitt Street Research - Feb 2020, page-89
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