RE: License application16 Sep 2024 15:56
The ML will include a number of possibilities for funding for next stage. Including JVs, Offtake Ags, bank finance and stock raise. Quite common to say all these are being evaluated with discusions ongoing. But neither of the first 2 are ever a reality as figures in EWT RNS only show about $8 million annual revenue for 20 to 30 holes with artificial lift. Back of envelope figure for how much investment needed for production plant and wells is $100 mill which is over 12 years to breakeven. Never going to happen. Bank finance also not a realistic option as HE1 are certainly not going to go it alone on those figures.