I think the loan and stage 2 are linked to the extent that one won’t shift without the other, the huge risk is that we have to give away too much of the farm with the prevailing weak SP to move forward on either... If we’re borderline profitable (including interest obligations) I’d be for limping along to prove up stage 1, wait for a spodumene recovery (and hopeful SP recovery), prior to
any major transactions or capital activity.
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I think the loan and stage 2 are linked to the extent that one...
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