presentation to merriman investor summit, new , page-5

Guys I think its a bit presumptious (?) to assume that Investec are out. To be fair Investec were never investing in the company they were talking about providing project capital on a stand alone, project by project basis.
Investec's drive is to provide long term cashflow generating assets (that they could most likely package up and sell in the future).

My guess is that Investec will still be interested in a commercial size project in Australia when one is approved.