Regards BAT status. Does that rely on authorities to enforce it?...

Regards BAT status. Does that rely on authorities to enforce it? How many places do that? Will QLD even do that?

Don't get me wrong, the CSG is a great opportunity and I'm hanging in there to see what happens. I'm just less bullish about expansion than I used to be. No solid bites outside of QLD CSG.

As much as I like the potential outcome in QLD CSG, I'm more interested in the modular systems for AMD and Battery Precursor. Not the big money machine that the QLD plant might be, but also won't come with the whopping great lead times, can be developed in-house and - if all works out - will provide some diversity in industry and location. Sustained growth in small chunks feels healthier than relying on monster projects that come around every three years or so and require a lot of external help to get over the line.

Cheers