FFS 217m is just that date at 12:1 at the share price of that...

FFS 217m is just that date at 12:1 at the share price of that day, that's just a news headline and nothing more.

IT IS 12:1 !!! that is it and stop bringing a dollar value to it.


Initial payment was $9.8m, of a total pool of 49m, that part is true, however the rest of the money is conditional on a series of milestones being hit.

"The Grant will be paid out in instalments during the term of the Agreement, subject to milestones and the Company’s compliance with its responsibilities under the Agreement. The Company will receive a first payment of $9.8 million in June 2023, followed by three more instalments, with the last payment slated for August 2025."

Refer Australian Resources article "avl-and-australian-government-signed-a-49m-grant-agreement"