My dear honourable and respected senator,
SIR CEO has already talked of signing offtake contracts by dec 2014, what a coincidence and WSA CEOwants reviews of its offtake partners by dec 2014, SIR needs offtake to obtain financing guarantees otherwise it will be restrictive bonds. Hence why pos signed offtakes before funding also, same financingprocess.
SIR is boxed out of toll at bhp kambalda so where might it be done? Jinchuan want their ore but kambalda is already at capacity. Waiting for their own plant in 2017 is what held back pos for 5 years, so ore tolling at another processing plant is cheaper and income creative making the bankers happy. With rob dennis as common director, sir will do what pos has done, toll first to the cheapest most reliable bidder, which mill near sir is cheaper than bhps at kambalda? Only one pos.
wsa ore to lj of pos and sir ore to pos lj later. It makes sense does it not? What other offtake could that handsome young man fredy be possibly be referring to otherwise, whatotheroptions are there? Do tell
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