Ann: Updated research report, page-33

I think the wording of when they expect finance/offtake to be secured is intended to manage expectations, and provide a sufficiently long time frame. They were criticised in the past for suggesting that it would be wrapped up shortly, and have since learnt that it's not so simple... nothing ever is in China. What is clear however is that it is not going to be soon, from which you can also infer there is still considerable uncertainty as to whether the deal will actually get done. That is why we are valued at 1/16th of MNS and 1/44th of SYR.

If management can pull off a credible finance/offtake deal with the current partners, then GPX could certainly shoot the lights out.