This was heavily discussed yesterday. With reference the Company's announcement from December, most of the extra initial cost is in contemplation of the immediate move from a 2mtpa operation to 5mtpa operation. Worst case, if the Company felt it prudent to raise a further $50m or $100m, they could easily do so, and not at much of a discount. There are some very large Institutions on board now, and that sort of raising (if needed) would be done before lunch, and not too dilutive.
Go for your life, Shorters. Good luck.
PLS cash flow problem AFR article, page-2
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