It also sounds like they may be weighting towards equity finance...

It also sounds like they may be weighting towards equity finance for the development. Enter POSCO as a major shareholder...?

The graphite results don't look like anything to write home about... I got the impression that they have just been throwing graphite comments in here and there with the view of trying to get some tailwinds from the graphite hype... they don't have a history of making 'optimistic communications' with the market and I hope they will back away from it a bit. It isn't the focus and it would probably just result in hype buying/selling if they did manage to attract some attention with it.

IMO, one of their strengths over the years has been making conservative announcements based on facts and conservative figures, along with their ability to maintain focus on Mt Peake. Let's get Mt Peake bedded down first and then look into the other projects...