The big surprise for me was the fact that the FBR structures are so sturdy. There was some discussion previously around cyclones etc. in QLD and how FBR would not be suitable. However they seem to be rated for the highest cyclone risk in Australia which is beyond my expectation
Was also good to get a bit more elaboration on Mexico.
Cash wise, there is enough to finish assembly, testing and demonstration, especially with CATS $14m at $0.24. This is what they stated the funds were for when they raised so meeting expectations. Beyond that, they will need to raise; one would assume at significantly higher prices as the tech will be completely de-risked by then. How much depends on what approach will be taken going forward
Ann: FBR June 2018 Quarterly Report & Appendix 4C, page-15
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