this is what i am being told, page-6

Hi Hotazel - nice post although my opinion differs on the matter in terms of order and process.

A few months back we were questioning whether off-takes would ever occur and then the EPC could take place.

Now with Noble and todays announcement we have ticked those boxes.

I think many (including me) understood this projects processes as being Off-take/EPC & therefore funding all wrapped up nicely into one outfit. This is not the case and thinking about it objectively I would have to say it makes sense.

If you were an investment firm/bank or SI interested in participating in funding such a large scale project wouldn't you:
a) want the PFS?
b) ensure off-take was assured?
c) have the EPC contracts and estimates in place?
d) ensure a well known financier is handling the transaction?

Now that today these are all finally ticked, we can now focus on attracting investors to the pool to make long term riches from the resource.

Anyway those are my thoughts on proceedings thus far. In terms of a CR - where did that $21m go? All in expenses?

Now or later this Pilbara v2 has the key in the ignition and we just need some one to pay for the fuel.

Good luck all ;)