So to summarise
Project costs up $90m
Only $75m left in the bank
With current debt facilities approx $500m shortfall in funding which will need to be raised by strategic equity and capital raise
The sooner this can happen the better as inflation will push the price of the project up the longer this drags on
As this is such an important project for the west it still surprises me that the Aus/us governments don't grant $300m or so to guarantee supply.
Ann: Quarterly Activities Report and Appendix 5B, page-2
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