getting the $12m is the key, page-8

hi copper road, agent c and Kalenn;

I had assumed an 'equity loan' to be a convertible note.

Conversion date down the line when (fingers crossed) the share price is much higher. Hence the minimal dilution.

I had assumed that this would go hand-in-hand with an off-take agreement of sorts.

Got to fly, I have my perf review now!