What today's events did was put $18m of fuel in the tank, so we...

What today's events did was put $18m of fuel in the tank, so we can keep pressing on with our BFS', drilling etc.

The beauty of the transaction is that it puts the ball in managements court to deliver on the strategy to grow the resource base and get us into production. if they succeed, the conversion price will likely be multiples of the current share price. If they fail, our investment would have failed in any case.

In a perfect world scenario, I would hope that either offtake / project finance or even production revenues will see us pay out this note in full prior inside of 12 months, which would mean no dilution at all.