This webinar appears to corroborate JB's comments at the AGM that the Operations staff are focused on the DSO project and put the battery EMM to the side for the time being.
I'm led to believe that the short repayment period and borrowing costs (i.e. fees) was prohibitive in obtaining finance a couple months back when they opted for equity to fund themselves to first shipment. So it will be interesting if they now release a new PFS with bigger and better forecasts, how exactly they intend to fund the project expansion and the timeliness of it (eg. Wait to use the 30m of projected free cash flow or a facility they can draw down on).
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- Ann: Butcherbird Project Development Update
Ann: Butcherbird Project Development Update, page-72
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