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.
Ann: Company Update, page-13
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