Ann: Issue of Performance Shares and Appendix 3G, page-35

So just to clarify, they've only met the first milestone right, as below?

L. passing first stage battery/cathode manufacturer lithium chemical acceptance testing;
M. securing an off-take agreement for lithium and / or bromine chemicals;
N. securing funding for a full scale production plant;
O. completing a scoping or pre-feasibility study for lithium and / or bromine chemicals;
P. securing an off-take agreement(s) for chemical products other than lithium or bromine from the
Paradox Brine project;
Q. securing a strategic investor to finance boron, bromine and/or iodine production in an on-site
pilot plant program;
R. divestment, joint venture or financing of any project; and
S. establishing a JORC Resource for a mineral exploration project other than the Paradox Brine
project.

Assuming yes, why is everyone getting so worked up about this? From my understanding, in order to get the entire lot of performance rights they have to secure offtakes for lithium, bromine plus additional chemical products, get a strategic investor on board, secure funding, and this stands out to me the most - establish a JORC for the next project that ASN looks into. The one thing that surpises me is there isn't anything specifically about actually building the full scale production plant.