Lucapa could potentially fund the project through a combination...

Lucapa could potentially fund the project through a combination of offtake agreements and a joint venture. The numbers would need to align with the expected production capacity and market conditions. Securing a solid offtake agreement could provide a reliable revenue stream, while a JV could help share the financial burden and risks associated with the project. This dual approach could enhance the project's viability and profitability.

Interesting to see what AK's plans are here. Would certainly surprise the mkt if he puts together a decent Offtake agreement and then follows up with a JV to fund the project. IRR looks good on paper. 5 year plan reads well. So theres probably a deal to be done.


LB