reality is there were 3 milestones for Q4 2023 that were all...

reality is there were 3 milestones for Q4 2023 that were all missed with no update.

Offtakes, FEED, and financing ------ with FID mid this year.

With spot at $106 ...... if they can't get progress the above in the next 6 months, then there is a problem

If they do, then its full steam ahead.

High risk/High reward.

AISC, close to surface, processing test work --- its all really good, but i think we are further progressed than most.

We probably need spot above $80 for 4-6 months sustained.

The whole sector has sold off, weve just copped it worse, but alot our down 10-20% from recent peaks.

Need some thing delivered in Q1 in this booming market

And i was provided information that the shares are linked to share price performace,. Tranche 1 50c, tranche 2 75c and tranche 3 $1.

So while still exorbitant for the likes of Warren for his contirbution of 0, they only get paid if they get this thing up. and at 75c i probably wouldnt complain