LRS General Discussion, page-17390

As a general rule, any investment in the actual project to gain an off take agreement is a secured creditor.

A little bit like buying a house they want you to put down enough of your own coin (spend on the project) prior to allowing access to their funds. If it then goes pear shaped they have first security over the asset (part completed project). Think Alturas creditors.

The company will be expected to fund all corporate, admin, further drilling etc from its current cash. Thats likely a good 18 months.

Plus there is the commissioning and ramp up costs.

I think we are still a fair way off requiring this level of funding. Surely better to wait until sector sentiment has improved. I am starting to think lower for longer is in play, given the sheer amount of capacity in the spod space currently sitting idle.

These are just my thoughts, could be well off.

TBH we are a prime TO target.

This company will go mining. Guaranteed now.

The funding element is holding things back in the current climate IMO