Are you asking me to compare AEV to REE in terms of lifecycle?
I'd say AEV are well ahead, particularly after this past week's announcements. I now believe AEV are more or less funded to kick-off DSO operations pending BOA/s and all the operational contracting. Then it's a matter of how quickly they can mobilise. So March Q 2024 very likely.
REE on the other hand do not expect to kick off their pre-strip DSO project until FY 2025/26 and their CapEx requirements at $45m are 4x greater than AEV. Very difficult to raise that amount of capital with a $20m MC.
All imo
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