Ann: NTU Hallgarten and Company Coverage Update, page-84

Will be interesting to read all the excuses from the faithful when JFMAG don’t cough up the $10m. Who in their right mind would pre pay $10m when there is such a high risk that the R&D pilot plant will be a complete failure. I believe funds from the recent CR will be used to try and cover the shortfall although doubt it will be enough.

I have pointed out many times the DFS is proof the R&D pilot plant will be a loss making venture. Hallgarten using COP from the DFS only proves my point. Funny that one misguided SH here was arguing the DFS had no relevance to the R&D pilot plant.