The terminology throughout the DFS was to remain conservative...

The terminology throughout the DFS was to remain conservative and prevent the need for a CR.

The removal of DSO was to retain the value of the resource whilst avoiding the 25m in haulage costs which would almost certainly mean a CR.

James is very much aware of the pain from last year's mid-timed CR and was regularly referring to a the DFS being at a bankable standard.

I would expect any CR to be the last option and very small as it would be in combination with equity and debt funding.

Once the concrete BOA is inked, the banks will be crawling over each other to jump on board. At that point, the project is 100% de-risked and shorters will become a redundant memory like dial up internet.

We're months away from the above happening.
carbon capture/HPA/Buckyball blue sky is the icing on top.

Stay Strong Holders.