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They are tone deaf, given the useful life of a car is 15+ years that puts us to 2050 but the rate batteries are improving range will be no problem by 2030.

https://x.com/trussliz/status/1704536615698211157

Each step is about adding value, de-risking reduces that discount that you speak of hence increasing the value of the asset. @dallas is correct, Kiran discusses it here 25 minutes in https://www.youtube.com/watch?v=G_hsjMjB0XQ

Having the licenses in place makes the project more valuable and once licensed someone else could buy in (at a higher price since de-risked) to fund it further to DFS and construction or it could be IPOd at that point on the ASX.

Exit strategy also discussed.

TLDW;

"traditionally what most people would do is they go from PFS go out to Market, raise the capital for DFS and certainly you know if our market cap was much more reflective of our asset value, that would be something we would have considered, but given where the market capitalization is the dilution to our shareholders by raising money for a DFS would have been quite punitive you know. I'm a substantial shareholder with about one percent of the company so like other shareholders I don't want that dilution and look to mitigate that as much as possible.

So then we have three ways to look at develop this, our primary primary choice is to get a strategic partner / joint venture partner at the asset level in Brazil who would provide the equity in Brazil and take an equity stake in the asset in Brazil and and therefore provide enough for the DFS. That Equity partner could be of course a strategic investor from abroad which might you know have some engineer EPCM (Engineering, Procurement and Construction Management) funding associated with or have the first right of refusal of the EPCM funding so that is the engineer could construct and manage of the entire project. so we have a data room that is open and we have several parties looking at that data. it does take time because they're going through the full PFS document and it's a financial model you know the actual PFS document is probably about about 600 pages long, but the backup engineering work is you know reams and reams of data, gigabytes of information that needs to be gone through so that is one option.

The other option is if there was a buyer out there that offered us a sensible amount associated with this asset we would definitely consider it and could look to vend out in its entirety. The proceeds of which could be reinvested or returned to shareholders.

And the third one is would be effectively taking this asset and splitting it out into a market that would appreciate this asset for its value. That to us would certainly be the Australian stock exchange and something that we are actively looking at."

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