Thanks Chokdee for setting that all out. Hopefully more learned...

Thanks Chokdee for setting that all out. Hopefully more learned posters can provide further comments / answers.

My only 'two cents' is the comment about the raise at 20c. I think that 20c is undercooked and I refer to Suitsurfer's analysis and reasoning in this regard. Maybe this is just wishful thinking by me, but I shudder at the sort of dilution that would flow from a raise at that price.

I find dilution to be the great elephant in the room here. Don't interpret me as a downramper, I'm long here and realise that the raise is directed towards FID and getting this project going, which unlocks enormous opportunity down the line.