Ann: 'Major Project' status declared, page-27

I estimated Stage 1 would be somewhere in the vicinity of $50-75M.
Assuming some funds have been used from recent raises, I reckon about $50M is still needed.

I would expect an update on both this funding + an update on “debt discussions” for Stage 2, in the coming weeks (according to the preso timetable).

Global conditions (though tragic for many) are definitely helping the company…. and based on JP’s confidence in the last interview, I’d expect a pretty good deal for shareholders.

Dec and January are usually a write off, so the next 8 weeks should be eventful.

We shall see.

Cheyne