Ann: Latrobe Magnesium awards EPCM contract to Mincore, page-4

An important milestone awarding EPCM - demonstrating progress. I know they have tested technology in pilot but to test this technology that commercial viable is the real test. There is always teething problems with new technology, especially scaling up technology that is mechanical or involves heat which can lead to show stoppers, however if they make this success, the sp should fly - plenty of ash dams in the US and which government doesn't want to make use of waste and making a viable profitable product.

In opinion cap raising on the cards for the equity get the project financing, they probably have some long term and sophisticated shareholder lined up, but like any hint of cap raising and prospects of dilutions, the sp will take a hit.