Agreed! I think we will get good value out of the $1M loan @12.5% (covered by the government R&D tax break) to fast track extra studies related to the DFS without incurring a delay to that deliverable. It keeps the programme on track and may well optimise the economics of the final DFS, so increasing the odds of a binding offtake and funding. A CR is inevitable but at a much higher share price than now is in all our interests!
Ann: R&D Loan Facility and Technical Work Update, page-11
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