Trading, page-517

AJ the basic state of play from an FA perspective is this:

- We are waiting on permits which is the last stage of the red tape before we can commence construction. Following this we have about a 9 month build with commissioning expected late in the year (some will say this will take longer - I am just going off company timelines). We can then expect another two months or so of commissioning and expect first shipment late Q1 2018

- We are waiting on our main BOA. We have one BOA signed which will be confirmed (supposedly) on an official commitment to mine (which I assume will come after permits). This may or may not still stand depending on who you ask. Ken at the moment is looking for the killer blow BOA. @Palchum through up a left field guess at who this might be this morning.

- Finally we are waiting on finance. We need about another $100m give or take to get us to mining. There are multiple avenues this can be achieved through, including up front payments from off-take partners and debt funding. Don't (all imo) be surprised to see a 20% equity subscription though. That could also explain the churn and pushing of the share price down.

Anyways glad to have you on board, I can't say I always understand your non-mainstream TA techniques but do read them with fascination and try and learn what I can.