I suspect the SP will hover around here until the terms of the binding investment agreement are known.
I note that the last announcement anticipated that offtake commitment will be made and as such I expect the BIA to include details of the phase 2 investment also, beyond the initial $14m. Phase two will likely be conditional on debt finance terms.
May 2021 seems awfully aggressive to be shipping product. 6 months for completion of module 1? Seems optimistic.
Re comments "Heavy duty DFS continuing" does this mean they are further enhancing the DFS based on POSCO testwork and DD?
BKT Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
