Ann: Ngualla Rare Earth Project Update , page-2

Good to see the company providing an update.
Does anyone else get the feeling that we may go it alone or that a CI may only be used for a small scale start up? The tone I got reading this announcement made me think that a CI is less likely.
Personally, and I know I may get shot down for this, if they can start us at say 5000t per annum and can start to raise some money on market I think I would prefer to provide some more capital myself then see a CI come in and take 60% of the profit.
They could raise the initial amount at a smaller price and attach higher exercise options so as each part of the process is completed their is more enticement to exercise the options.
Dont get me wrong, if they could raise the money through a CI and only give away half the project I would prefer that.

Be interested in other peoples take on the update