Moderated, page-44

Many things to consider and the short answer to the impossible question is I don’t know.

Consider the following

Capital raise as part of final funding to be announced. This is a major de risking event and allows advancement of the project.
This will unlock the next steps of which there are many.
Still to come but not limited to is
meeting conditions precedent one of which is the current raise plus proof of contracts...paperwork.
Post drawdown we have meeting conditions subsequent, we have not been informed of the time line for this. Meeting theses conditions particularly the off takes gets easier imo when you have secured funds for construction and contracts are in place for construction with cash in hand.
There is fabrication of short lead time equipment and long lead time equipment has already been fabricated.
Construction mobilisation
Site preparations
Shipping of equipment
Construction, commissioning
First production and sale of final product
All this is anticipated to take a relatively short time. Realistically I would expect longer than anticipated as COVID is a bitch and disruptive in many ways.

Many milestone moments ahead post funding each de-risking the project and each will drive the SP to various degrees.