General Discussion, page-12

Hey mate,

Pretty much.

No preFID funding = we’re up a creek.
I can’t imagine anyone would throw money at Stage 2 without a completed BFS.

@Suni agree mate, though according to their timelines it is doable.
Their historical timelines show that about 1 full quarter is where Pre-FID funding and completion of the FEED intersect.
From what I understand, the IBFS (as it currently sits) is almost a completed BFS, so I would imagine that once preFID funding is secured, they could theoretically complete the BFS within a quarter.

Assuming they were concurrently in discussions with parties for the 30%, and that the 70% was almost guaranteed pending a positive BFS, i think it’s doable.

But if we’re to go off historical events, I’d be putting money on your bet…. Because they are usually miles off the indicated timelines. That has been the biggest letdown with this company.

Once this preFID portion is secured though, I’ll rest easy…. Well, easier.

It would also be nice to see an operational update, though I suspect we’ll have to wait for the quarterly.


Cheyne