LRV Media Thread, page-2353

I think you are right that commissioning is the real swing factor here, not funding on paper. Most projects look fine until they hit that phase, and with multiple streams it does add complexity.That said, a few things worth balancing it out.The company has been pretty clear that the flowsheet is not new science, more about execution and optimisation. That reduces risk compared to something completely novel.On the Wogen side, yes there can be timing gaps and penalties, but having an offtake partner locked in is still a net positive. It removes the bigger risk of not having a buyer at all during ramp up.Also, the staged drawdown tied to milestones works both ways. It is restrictive, but it also means funding comes in as the project proves itself, rather than relying on a single large raise upfront.