The drop in the value of the AUS$ means that much fewer USD$ are...

The drop in the value of the AUS$ means that much fewer USD$ are needed to get the RCP sufficiently funded.

At today's conversion of USD$1 to about AUD$1.50 the amount needed to fund RCP is circa USD$160M (which gives AUD$240M). This together with the USD$30M bridging finance is considered sufficient to get the project underway, subject of course to the (slipped, lagging, late, past critical) EIS/EMP being in place.

In other words, any notion to dilute URL stock further should NOT be countenanced by management/shareholders unless it is in the form of options that value URL stock at 40% (or more) of Roseby NPV ie. 32c/share.