Ann: Pioneer Dome exploration update, page-9

That would be the ideal scenario, though I think any deal that involves pre-payment or finance is likely to include the partner taking an equity position as well. The only exception to this in Australian spodumene that I am aware of is the LTR offtake with ford including $300m debt facility.

I’ve got no real issue with a capital raise taking place, it’s part of investing in explorers/developers, but the less dilutive it is the happier I’ll be.