If full funding of AUD$1.2b is secured by end of Sept 19 SP in my opinion will be more likely 40 cents or higher. However, unlikely that full funding would be secured at one attempt. More likely funding would be in tranches of milestone achievements. However, the initial loan package will give the audience a good idea of how easy or stressful subsequent funding for AUZ will be. The larger the initial loan the better outcomes for subsequent loan parcels; especially if AUZ can deliver successful timely milestone achievements. The lender(s) will rely extremely highly on management capability, AUZ's feasibility study report and, lender(s) own due-diligence.