I knew someone would pipe up with this.
I had noticed. It wasn’t a full forensic examination, just a quick summary from memory, meant to approximate the situation.
The basics are that if stage 1 Capex is fully funded, it is funded by way of first years (2025) offtake prepayment. So O/T from 2025 is not available to use to fund ongoing operations in 2025.
Money to fund 2025 opex, ongoing drilling, ongoing studies and consultants still needs to be found. You did not mention where this moolah was to come from.
General Discussion Banter GLN, page-13887
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