Re"....Are you suggesting that VRC does not have any Funding tied up for Stage 1 once the CMSA approval is granted?..."
I suggest you have another listen to TM's recent interview....he was 'pretty confident' of raising enough...however, still found the need to visit UK & USA enroute to east Africa in 'search' of top-up funding if full amount not raised....this is a little odd if Exotix and Co have been working on securing funding since February ...don't you think?
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