Could be the final raise for awhile and enough to cover the third tranche of about US$10.
About AUD$20m can then be raised from options conversions and if the pilot plant only costs about $30m options conversions and potential pre-payments committed to once the rare earths MRE is out would cover the cost of the pilot plant. Then pilot plant revenues from next year from which the revenues apparently are enough to cover the cost of a much larger Phase 2 plant and not forgetting bauxite revenues from 2025 also..
Could be the final raise for awhile and enough to cover the...
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