ppa signing and funding deal, page-21

DT - so we're agreed PAX won't be in production for at least 18 months, and that's assuming it got funding (and big dilution) and PPAs tomorrow.

If DP is to be the first, then we're also assuming that PAX is about to sign an agreement with Pertamina to get access to Sibayak to start planning how to use the supposedly excess well capacity for a new power plant that needs to be designed and constructed, and to win over the local community which previously objected strongly to Pertamina's environmental bad habits.

Let's hope all this is in hand, otherwise I think PAX is still a long way from production. To be positive, it's still a shorter timescale than a greenfield gold project!