Yep. The amount of resources we have in the dirt is obscene, our biggest hurdle is getting 3 billion in capex to unlock it all. If we can achieve that without dilution, it would be monumental.
There's something to be said about how we could potentially do a 50/50 JV with the consortium where they arrange for funding to be done via debt not mainly equity. They take half a stake in the project, plus get their supply secured. It's an unbelievable win-win for both sides and would go down in the ASX history books as something legendary.
And to the nay-sayers who think 3bn capex is impossible, we're not playing with small partners. If they want 3bn raised, they can make it happen. So the big question becomes, does the consortium want to move ahead and what sort of deal gets worked out with management if so. That's the million dollar question.
Under this scenario the movement upwards could be more explosive than Sandfire was.
This is a super optimistic scenario of course, but I wouldn't be in this if I was not an optimist.
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