You know the way the options are structured is that they get 20,000 on financing and 30,000 of completion of plant build. If JV happens there's still a long way to meeting nameplate production let alone expansion to stage 2.
That's why if people are critical of me saying T/O at 40c+. I'm only meaning T/ O today (more specifically yesterday) at 40c+ may be a danger, the thing is worth plenty more. It's a day-by-day prospect and part of why I rabbit on.
Or as one of my 80 + year old clients said to me "Better the Devil you know". I was thinking gee thanks!
Cheers
As
Ann: Corporate Presentation - IMARC Sydney, page-35
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