I agree, it would need to develop quickly and requires a fairly chunky investment to get it up and running so a JV for maybe majority share with one of the mega miners would be the way to go...
I also agree funding seems to be the choke point for both redmoor and lochinvar. whether there are challenges involved in getting investors onboard for UK projects or Gary and the team haven't found a way forward. I think i'd like a bit more clarity on who they are talking to and how seriously, but the reality is that it would be market sensitive. So the timeline remains a big question mark.
We have a stupidily low market cap and could handle dilution IMO, but I think we need a strategic partner more than a capital raise as both projects require some pretty big $$$ (as do all) to get going.
