Ann: BEYONDIE UPDATE - PROCESS DESIGN VALIDATED, page-15

Did you look at the dates?

1. Plant won't even reach 80ktpa until March quarter next year
2. And the 120ktpa target isn't expected before September quarter the year after

That leaves nine months of stop/start production accompanied by engineering redesign and retrofit works. This business is going to be gulping down cash for another year. I will be waiting to see the terms of the next capital raising and the debt facility they're talking about before even thinking about taking a position. The quarterly report for Q2CY2023 will be another catalyst for me because it should represent the first clear quarter of commercial operation and give some idea of what production level will start to produce free cash flow.