EUR webinar this week, page-15

I think the $450 mil capex will go up , if indications are correct from other Li contenders , EU will probably provide $50 mil or so , free cash . EIB will manage very cheap loans say for 70 % of capex so you could find EUR will only need to source 25% of say $500 mil , and with a very positive DFS about to be announced it will be a shoe in . Once the DFS and some offtakes announced dilution for capex would be many multiples of our current share price some where I believe , 5 to 10 times based on other peers in the Lithium industry .