Nice start to 2017, page-289

"But now we have so many strategic alliances and i can't see that many more boxes to tick, possibly one more offtake and EIS approvals....maybe this timeline is achievable..."

Definitely one more offtake - titanium - for the sake of securing finance... but make it two more - electrolyte as well - if they want to bolt on an electrolyte plant from stage 1, which I'm betting they do given the Sumitomo/EMC ventures... both of those are looking for nothing less than an aggressive entrance to the Aus VRB market! Don't forget the electrolyte plant capex is on top of the DFS capex! Maybe Sumitomo will show up to the party with some combination of finance, investment and/or director/chairman?? They want the product after all and we certainly don't need to be pursuing electrolyte in order to get Stage 1 funded...