Guess it all depends on the Business case and value that can be realised. Will be very interesting to see the scoping study. Based on the massive hydro advantage and the cornerstone investors, anything is possible.
Bit of talk about timing of the CR. My two cents - I think this was driven by the cornerstone investors. They wanted in, they wanted cheap and they were offering debt funding. If I was Lindsay, I wouldnt be turning down that opportunity! Funding risk now eliminated and you have just aligned yourself with people with significant experience and now opened up LFP.
Now we have: LFP Green Ammonia Phosphate for Angola
That is ridiculous upside if the company can deliver. And I guess that is why we are all here. Deliver and we are rewarded.
MNB Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
