This is a good announcement.- $10.2 cash in banking- pending...

This is a good announcement.

- $10.2 cash in banking
- pending final approval (currently reads as conditionally approved)for another $10 million this quarter
- another $10 million for March quarter to be assessed on up ramp
- deferred interested payments totalling $16 million until 2025
- hiring lawyers to work with banks? or to help with the sales contracts?

They have a target date with a target 60kpta inJune. To put that figure out there they must be confident in the plants capacity to produce. As we produce leading up to to Junes target we can be selling at between $1,000 to $1,350 a tonne.

To say they are looking at the plant being able to produce 60kpta by June it means that the plant needs to be producing 5000 tonnes per month. Being realistic let's assume with the up ramp they can produce maybe 20000 in the next 5 months. At a conservative price of $1,000 this could mean another $20 million in revenue.


Call me optimistic but I think we are very close.