Ann: Blackstone Completes Ta Khoa Refinery Pre-feasibilty Study, page-6

Brilliant PFS, and this is only from the DBU...

1.5 years base case payback period.And doesnt look like they will be coming to the market for the money either.

"The Company intends to develop and fund the construction of the TKR via a collaborative partnership-based model. Blackstone’s intention is to retain a significant interest in the TKR and expects that its portion of funding will be met through a combination of debt, equity, and offtake financing.

Blackstone has commenced funding discussions with multiple potential partners, including NCM consumers and concentrate suppliers to jointly participate in the funding of the proposed refinery. Further, Blackstone has been approached by a number of financial advisors interested in supporting Blackstone’s funding strategy. "