Let's get one thing straight, the WA potash boom has been and gone and Reward and Agrimin (not entirely sure about Agrimin) were unable to raise funds to get their projects off the ground (despite RWD hiring an expensive promoter). Nothing will change there even if they have a different processing method imo. If there is a better processing method then like before the higher grade better positioned deposits will be exploited. Not the ones 600km+ from ports. Who knows the Kalium plant may be modified one day but for now they still have a heart beat imo. The lenders would be in close contact with Ebtec imo. It looks like they have said to KLL we'll stump up another $10m but it's up to you to raise more funds to meet your new projections. The only reason they have done this imo is that the value of the asset would be close to zero with a failed process. So from their perspective $5-$10m is a low risk very high reward (they get repaid plus interest) if Ebtec can get things going.
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