General Discussion, page-9

Depends how the project funding is arranged. Given the huge build cost. If standard dilution occurred to even cover $500mill-$1B the company would have an insane amount of shares on issue. 2B -3B + which would take away the nice gains.

If they can work with off-takes and loan with minimal dilution things could go well.

No way pre-fid, BFS and Finance within 4 months - No way at all. To be honest if all those things happened this year it would be a bonus. Management talk a good one but really cannot get remotely close to any timeline provided.

The CAPEX is going to be monstrous, which can still be ok, as long as people are willing to stump up $3B +... High CAPEX projects typically have a long mine life, great returns but are very very hard to get off the ground.

I really don't hold as much hope now as I did 2 years ago. A lot of talk and not much action. Gone from largest uncontracted gas supplier to urea and then no turbines etc ??

All IMO hopefully this thing turns around.