Ann: First EPCC Contract Milestone achieved, page-20

Listening to Justyn yesterday I get the feeling that shortly, the market may start to wake up to what we've known all along @ '''Rocket''. Things are progressing...

As discussed, the decision not to supply the gas retailer with an offtake a few years ago will end up being a good one. A big call for a small cap to turn down $6 g/j and 100's of millions in revenue per annum.

Did you hear the mentioning of a deal/offer for 100% debt finance, and another one for the 30%..? I'm sure he said that one had a rate of under 3% and the other 4-5%. Don't quote me - I've asked for a recording, so hopefully we can share with everyone else.. I wish I took notes, but home schooling/working made this challenging!

If they got to production with 1 billion shares on issue, and applying a multiple of 10, based on the projected urea prices, this could give a $4 share price in production. Adjustments will need to be made for the strategic partner/s, and it appears this could be done through a project sell down or farm-out, as opposed to a dilutive equity stake. So if for example the partner buys a 30% stake of the project, they will get 30% of the profits, as was also mentioned yesterday.

I'm interested to see what the 'partnership' with Daelim entails.. I know there was a question as to whether Daelim could help set up the retail distribution network. Justyn's response was priceless..

I'd also be keen for a drink with some Creekers when lockdown is lifted @nudeman40, just as long as you're dressed appropriately..