I’m not saying it’s bad! Just that it’s very likely. They need to fund the BFS somehow and I basically guarantee you that they won’t fully fund it from off-takes. I don’t intend to sell to be clear - I see progress towards the BFS as hugely positive.
And updated presentations like this basically always come before a cap raise - there’s basically no other reason to publish it through the ASX.
CAP Price at posting:
13.5¢ Sentiment: None Disclosure: Held
