Current focus and upcoming Milestones final 3 items:
• Complete Independent Technical Due Diligence for Lenders
• Finalise negotiations with offtakers
• Progress project finance process with senior Lenders.
Independent technical due diligence is something that the company has no direct control over and they along with potential financiers are waiting on this report before they can proceed further.
The lead price has been relatively steady of late currently US$2138 and more importantly the exchange rate is below 66 cents (70 cents used in DFS) which aids profitability significantly for all exporters and some are projecting a much lower A$ exchange rate moving forward due to weak iron ore prices in particular and coal prices are also significantly lower than they were as well, these sorts of things will likely be considered and noted in the report and would likely be viewed favorably by potential financiers.
Patience is required and an umbrella required when near pigeons.
also https://www.indianpunchline.com/west-is-paranoid-about-brics-summit/
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