Ann: Managing Director's Presentation to 2023 AGM, page-11

they can self fund through revenue? they need to self fund through free cashflow. they don't have enough free cashflow without ramping up to stage 1.5 as they aren't achieving pink sheet prices (show me what the differential is between the market price and the achieved price last quarter). at best if they were to take this approach, it would take them over the 12 months they outlined as they would need to drip feed through whatever free cash they scrape together each month.