Still a Buy?, page-174

Thanks thats very helpful. Mx is very wise to get a good cash flow up and running by selling DSO. With a circa $30m cash flow then a 2 to 3 hundred million capex to make battery material will not be a problem. As soon as the DSO production is bedded down I am sure they will be putting a lot of energy into the high grade product and the life of mine will support it as well. If the PFS was very positive, I am sure they will progress to a DFS and as they are doing larger bulk testing of the CSIRO method their intent is quite clear. For now we need to be content with commissioning and production sales but the future could prove very lucrative. Thanks again.