https://wcsecure.weblink.com.au/pdf/ARU/03083466.pdf
No FID yet.
BUT...lots of things to note.
- Offtake is the trigger for FID...not equity.
- Reminaing funding US$134 million...could come later or in different ways.
- The dual listing question was interesting...PS - CFO said it could also make sense to list in US (dual) if M&A was to occur. Could this be the JV partner?
- The Offtake being considered in Europe is part of 'supply chain solution' between the magnet manufacturer and the OEM. This is part of why it is taking longer. And Euro always takes longer to do a deal. The US offtake is very different.
Then....lots of questions on capex, schedule, commioning etc. This is a BIG change from previous quarters...and shows where the project is at. So close to FID!!!!
What do others think?
No FID yet.
BUT...lots of things to note.
- Offtake is the trigger for FID...not equity.
- Reminaing funding US$134 million...could come later or in different ways.
- The dual listing question was interesting...PS - CFO said it could also make sense to list in US (dual) if M&A was to occur. Could this be the JV partner?
- The Offtake being considered in Europe is part of 'supply chain solution' between the magnet manufacturer and the OEM. This is part of why it is taking longer. And Euro always takes longer to do a deal. The US offtake is very different.
Then....lots of questions on capex, schedule, commioning etc. This is a BIG change from previous quarters...and shows where the project is at. So close to FID!!!!
What do others think?
