Drivers, page-13

I also dont like the idea to give equity to an OEM, any OEM. I would accept advanced payments to finance the project in exchange for a guaranteed off-take with a substantial discount per tonne though. This will limit our proceeds from the initial mining operation but will not impact our profits later on.

For example:
Make a contract for 10T Talnode-C for 10 years from, with a value of $12k per T, or 1.2B total. Have $200M payed up front and charge $8k per tone upon delivery. This is effectively a price of $1.0B, so a discount of $200M, equal to the up front payment of todays prices, but gives Talga enough capital to get going with the current project as well as leaves enough room for Talga to expand without further dilution or additional funding necessary. Talga could sell the remaining 9tpa at market value and scale its operation to 100tpa Talnode-C production. Win Win. I would like such a deal.