I’m not sure that the offtake is such an issue. As I understood it when brought up by in a video, it’s almost like a first right of refusal at whatever the current market price is. The market price for our very green nickel may be higher one might conclude and if Vale don’t want it at whatever the premium is then it’ll go to the highest price someone is willing to pay for that green product.
I’ve probably oversimplified it and happy to be corrected, but Darren didn’t seem to think it was an issue and we may not have attracted our major investors without it.
Ann: Semi-Massive, Massive Nickel Sulphide Hits at Onca Preta, page-31
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