whatsnext. I take a more positive view. I believe there will be...

whatsnext. I take a more positive view. I believe there will be plenty more discussion in the background on project financing, off take and additional partners.

I think they have done well getting port approvals. Todd have deep pockets. The board have proven ability to develop large projects. The original balla balla project had a NAB project financing offer (read the old documents)

Todd put implied value of 100m on balla balla with last purchase of addn share. I can see Rutila given up more % in the project, but in turn avoiding dilution and maybe even minimising the capital it needs to put in.

Regular news flow could help get the options over the line (which would be useful additional cash for studies/scoping).

I also hold options.