Ann: Strategic Financing Process Update, page-7

Optics aren't great but we are in an environment where it is very difficult to access equity capital for the junior sector. In better times perhaps this was done a lot quicker but we are in a corner and like a number of others at this stage in the junior space seeking FID, its slow going.

Clearly we aren't simply looking at ECM where you raise money at market and there's 3 times more equity issued than current SOI to hit the capex requirement.

I spoke to Spain last night and the mood was upbeat. Nothing concrete but the best I've felt the mood since they go the mining license.

It sounds like if they can bind this together, we'll be surprised.

Frustrating as hell but exciting 6 weeks ahead.

EDIT>>>>> the fact they are communicating about it is a good sign....even with the disclaimer.