Ann: Updated DFS Confirms Standout Graphite Project, page-139

Mikrokosmos Effectively Governments do much better just by collecting royalties and clearance fee's.A 16% free carry with no cash outlay is great return with out risk....They can participate through a high yield corpate bond where there is less risk than ownership of heads shares...A high yield corparate bond will attract a lot of attention with share holders already keen to participate in self for filling prophecy.(Fully funded rising share price)High net individuals and share holder groups able to participate in a high yield bond can only happen if they release a prospectus.I doubt much equity will be available from now on.Heads shares are higher risk where the rewards from a derisked project offering an IRR at 119% and <24 month pay back period has a lot of elements derisked.

Governments of Australia have sold out of private ownership and concentrate on governance. Privitising of the sectors now in the third decade...(Banks,Telstra T1,T2 for example)