JV cashflow (short to medium term) will cover HQ wages and some admin costs in advancing Maniry.... thus prolonging CR, which is great. Not a lot to be expected re JV in the financials imo.
Panthera is the proverbial stage 1 shop front to bring our product into the marketplace .... the snowflake that creates the snowball.
It's all about Maniry getting started.... once that happens (Maniry becomes a mine) the true value of downstreaming will kick in (EG and BAM) in the ensuing years. Hopefully most of Maniry's graphite ends up in our own downstream facilities.... and hopefully the tonnage and LOM are multiplying before too long.
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