Ann: Investor Webinar - Market Update, page-156

Its a reality of the current market conditions,, James stressed no change to the DFS but just how its executed obviously much less cost than the full DFS but readily expandible once the starter plant is commissioned in 2023 . So same old question how much do we need ? Im now thinging the $30m or so in the bank will go a long way towards construction of what I would call a RnD plant which may enable ADN to get some sort of refund/grant each year from the "Starter-plant" BTW I don't know this is just a thought and shouldn't be taken as advice.