I don't follow.We're at best 40% through our Capex Bill on Stage...

I don't follow.

We're at best 40% through our Capex Bill on Stage 1. So that means around $60M USD left to fund, circa $90M AUD, to get us into production of only 5.4ktpa LiCl. At current prices we can eke out a profit of $10M USD per year from this if we are lucky. Barely enough to pay corporate overheads, let alone pay for Stage 2.

Stage 2 has a massive Capex bill (over $400M AUD+ on top of Stage 1). If JP can't even organise the Stage 1 Capex, which is evident, he's got ABSOLUTELY ZERO CHANCE on this.

The only chance we have of having our capital returned is if this project is JV'ed or bought out with some competitive tension. Neither of which I see happening with the current CEO intent on burning our hard-earned cash on his ego project, all so he can say on his CV "Look at me, I've built a mine. Sure I torched 99% of shareholder wealth and I'm back on Centrelink payments...but I built a mine and proved all the critics wrong when they said Uber driving geologists can't build mines"