I believe CE may have said/ indicated something couple / few...

I believe CE may have said/ indicated something couple / few hundred million low capital outstanding - is where the 250m guess comes from . And many posts highlight this an approximation waiting PEA for clarity.

There is one inescapable difference between WR1 and others
- we have in essence a 500m capex voucher , over and beyond all other green field builds . (with magic wand to wish it approved and built / adaptation approvals still required)

And while it costs us only 15m up front , there are those two anniversary payments as well care and maintenance.

but much can happen in 12 months before the first anniversary payment- lithium 3.0 trigger or a takeover, yet the magic carpet that Renard is, largely built processing plant , costs the poultry 15m up front.