ADN Capital Raise, page-134

yes I agree, There are only two options - MEP must raise cash to fund their 25% share of costs or they must dilute their share of the JV. MEP will need to make a substantial cash contribution this quarter for their share of the long lead items as well as the ongoing operating costs of the JV for prep of the DFS and BFS, resource definition, mine plan prep etc etc. if MEP doesnt raise capital very soon it will be squeezed as shareholders begin to recognise the inevitability of either outcome - both of which are not good for MEP’ share price.