I believe the quarterly cashflow report says it all. They've allocated $1M to more construction and $200k to production which correct me if I'm wrong, should see them produce approx 40t of BGLCE. Along with staff costs etc that'll leave them proper skint by March. I can't honestly believe JZ would fly so close to the sun. he'd only be spending $1M on more ponds if he was certain of prepayment for stg 1, otherwise why put yourself in a stupidly compromising situation. As for the production costs, perhaps full scale production volume is one of the outstanding things the OTer wants to see. Worst case scenario you end up with 40t of BGLCE and no OT so you sell it into the spot market.....either way we're getting paid and progressing the project!
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