Pete, you raise some valid concerns regarding Magna. However, I...

Pete, you raise some valid concerns regarding Magna. However, I believe we could be one of the execptions as we are already in production albeit on a small scale, with the potential to increase production via the game-changing Mestre 6. In the meantime we have the funding there as a backstop. It's possible they only use a portion of the funding - I don't like it either btw.

If we discover the mill needs to close, then we are really reliant on the full $8m, and hope like hell a cheap CIL plant comes to the rescue. As for Cartisian Group - they would do better by supporting the company and awaiting their royalty which will far exceed the funding in place - imo.