Ann: Senior Management Appointments, page-8

A long but interesting video - well worth a watch for all shareholders. Key takeout for me was around 39:00min in a discussion of project funding where Nick talked through the general $300M capex funding split of $200M debt and $100M equity. The $200M debt is well covered by Antler cashflows (noting these are looking well above PFS levels). A strong indication that the equity component would come from precious metal streaming, with that alone having the capability of well and truly covering the $100M. But they might still not take up all the $100M in that way but choose to have some come from institutional investors (maybe the new ones to the register) and/or US government grants. If I was a guessing man, I would speculate $60M from streaming and the $40M balance from other sources. I do wonder if they might shoot for a bit more than $300M to fund the exploration efforts beyond Antler??