Ann: AUZ partners with SK Innovation to develop Sconi Project, page-74

Just looking at Pre-feasibility numbers of Syerston. AUZ may need 900 M AUD for plant and mine capex.
It just brought in company that is growing its battery business dramatically and second largest lithium ion separator producer in Asia, and company is willing to become strategic partner in financing of the project. Debt to equity ratio i would think be roughly or maximum 20% equity/ 80% debt, as it is located in australia, equity portion might even go lower. Already found 50% of the equity money. i think it will be good. Rihgt after BFS, most likely have to give mandate for debt financing, but sure by that time MC much bigger.

South Korea is gonna compete with vengeance with Chinese battery producers, lost whole market in China to Chinese and technologically they are one or two steps ahead. Quiet a good match.

I think you are right, something is brewing and management has good understanding which way is going who's who of battery industry.