I think the need for the 60 mil now is best explained by the following post from linkedin
The execution of the agreements enables BCI to progress critical path packages for Mardie, including design development and award of further civil and structural works packages.
Im guessing the design of the salt plant for one.
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- Ann: BCI Secures $60M of Convertible Notes to Fund Mardie
Ann: BCI Secures $60M of Convertible Notes to Fund Mardie, page-22
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