Hi Benz and VYR,I concur with what you have both written. Time...

Hi Benz and VYR,

I concur with what you have both written. Time is clearly of the essence and there doesn't seem to be too many compelling reasons to hold off on the FID. Given our current rate of cash burn, increasing interest rates and opportunity costs with further delay, I'm really scratching my head as to why this is the case.

We have a CEO with a significant share holding, portals drilled and a still robust business case even with copper prices where they are. There must be something material that's stopping it, is it something unexpected like the lender adding conditions over and above those envisaged in the term sheet?

I appreciate the nature of commercial in confidence discussions with the financing, but I'm a little concerned we are so close to the indicated FID date and the language in the quarterly around 'ongoing discussions' didn't seem to indicate an imminent decision.

Hopefully I'm completely wrong and we hear something positive next week once we hit the indicated project milestone.