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Ann: Approvals Submitted for Construction of HFfree BAM Facility, page-104

  1. 951 Posts.
    lightbulb Created with Sketch. 346
    Have you actually listened to the interview @Topo ?? Regarding your claim that AS revealed there will be a $50m CR coming soon.

    From the interview...
    AK: "and you got some money off the state government?"
    AS: "Yes, we were very pleased to receive US$40million... That will go towards the expansion of the initial 5tpa demonstration plant, to the 20tpa plant".
    ...
    AK: "so, what did you say the output is going to be once you upgraded? This will take the initial 5,000 tonnes to 20,000 tonnes, did you say?"
    AS: "20,000 tonnes, so that will take an additional $50million US, and we've got $40 million"
    AK: "that you will have to raise?"
    AS: "we will have to... On the expansion next year, we will..."

    So yes, there was mentioned $50m is required for the expansion of the WA plant. But no, AS was pretty clear that most of that is coming from the government loan.
    No $50m CR is coming any time soon.
 
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