ASN General Discussion, page-9604

you’re correct, I’m throwing Grant and Loan around like they’re the same thing, I meant loan.

I agree with others here, seems crazy to delay the project another 6 months just to up the resource and renegotiate. That can all be done in due time. The offtake only needs to be for 5-10k tpa, we can upgrade, renegotiate or get another one later.

I somewhat agree with your point about not worrying about the loan but I personally think we can do both by getting the smaller offtake to tick the box.

Whilst i can definitely see why people think Bruce was implying a delay to offtakes in the last interview, my perception was he was referring to a delay in the financing, which was due next quarter. I think the financing will be delayed because they need time to secure the loan from government, which wouldn’t be wrapped up by end June. If they delay financing, they can delay final plant sizes and increase the output when the JORC increases through the coming months drilling.

All my thoughts, sorry for the long post.