getting the $12m is the key, page-3

AC personally I think they will be looking at the royalty option . The reason is the amount of skin in the game the directors have . They would rather not put their hand in their pockets for several million of their own $$$ and there is less risk to any SH wealth by negotiating an off take agreement, should there be any dramas with the project or the company in future. I would likely participate in a rights deal but historically that's involved free shares or options which simply further bloats the register. It's in all our interests for someone else to stump up the cash and we give them a split of the profits .