No doubt GB pulled a rabbit out of the hat with the Frankenstein like funding to build the R&D pilot plant. It is an absolute miracle IMO however the fact remains, the pilot plant will be a loss making project only made possible by the Australian tax payers. Only need to look at the fantasy numbers presented in the DFS to realise this fact.
Apparently the offtake prepayment is due some time early this year. If the deal falls through it would be an absolute disaster as the company would not have enough funds to complete building the R&D pilot plant. They will be struggling even if the $10m prepayment is made.
No doubt GB pulled a rabbit out of the hat with the Frankenstein...
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