Equity v debt, page-16

I agree.

The reduction of $6 by trucking which is roughly 4.5%. Which is a significant EBITDA increase and also de-risks any bottlenecking in Winter and the associated risks with road transport.

The thing that most people have missed, the mine plan was scaled down to accommodate smaller funding. As the overheads will not increase dramatically we should see some better numbers. Now that the insto's/market are catching on and willing to invest pre-commencement is a great sign and the SP will reflect the increased interest.

As a shareholder I’m not happy about getting consolidated but I am excited that the project is getting the additional funding it required in the first place to include a second fleet which will see more profit resulting in a greater dividend overtime.