Still lots of unanswered questions for me, the biggest of which is the timeline to actually produce SOP. End of 2024, 2025?
Building new ponds on 10 mile lake is an interesting one. Will that require an amendment to any of the various environmental approvals, works approvals, native title etc and how does that affect the timeline. Where does the money to build the ponds come from?
Equally, where does the working capital to get Beyondie into production come from? KLL were burning $3-4m a month and you need to fund the flights, the camp, the gas purchases etc while production is being ramped up. Easy to see that could be another $20m (?) for a six month ramp up until SOP sales start covering costs. Wonder if NAÏF would come to the party with more funding to get Beyondie operational again?
So in short I see there is a detailed plan to acquire the asset, but currently not one to operate the asset.
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