I don't think the MM report was that negative as they correctly said grade was king and that AVL and TMT were really the only game in town.
Capex funding speculation was in my opinion premature as that will be up for real discussion if and when binding off take agreements are on the table.
MM related party suspended from HC interesting plus they are no longer consulting to AVL.....perhaps makes them more objective
And so it begins...., page-22
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