Derril Water waiting list vs Project 4

We invested in the Derril Water project last year up to the 120% cap but our annual consumption has since gone up (new EV), meaning we would now be eligible to buy more Ripple shares.

Am I right in thinking it is not currently possibly to invest in Derril, so our choices would be either to go on a waiting list (for any of the first three projects) or to wait for Project 4?

How long is it likely to take to get to the top of one of the waiting lists? Is it likely to take longer than Project 4 going live?

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