“What I would have liked to see is multiple OT agreements so as to not have all your eggs in one basket.”
Imo there’s no better indicator than the 100% off take that SKI are still serious. If they were struggling with the idea of majority financing or finance per se why then haven’t they sliced it one, maybe two ways? Sure it may be 25,000 or 35,000 tonnes per annum instead of the full 70,000 but that’s better than none and would still supply a couple of plants.
Hypothetically an off take with say a Posco, Samsung, Ecopro et al makes sense if finance is the issue as there’s a healthy clout that presents to financiers with three majors instead of just the one. They have however dismissed this arrangement.
Positive indicator if you ask me.
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