RE:RE:IIF presentationBlueskies, yes I think the 1.2 mill production is important since it confirms that hopefully the full ramping up will be done by the end of 2024.
The only reason why some people are nervous about dilution was the analyst from Sphene Capital who suggested this as likely although he did not show any convincing numbers.
I think since Sangdong is funded with the KfW loan hopefully the other operations can be maintained with the existing cash flow, especially if the tungsten price keeps going higher as Lewis is expecting.