One company particularly advanced. Yay.
So what does that say about the others.
We can infer it was only 25% offtake because this is the performance benchmark Nigel & Co have set for themselves, even though 75-100% offtake is actually needed to obtain finance.
We can also infer that it is Yinbin because we know they are going over 1 or 2 points per advice to us at the agm, being:
1. No agreement on price, playing hardball
2. Reported issues with hydroxide plant
Those are pretty BIG points if you ask me.
Which means there is a lot of wishful thinking and still no offtake.
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