Ann: Magnum Mining Presentation, page-25

Agree, though they’ve been saying offtake discussions have been intended to start and/or been ongoing since late last year so you’d hope that they’re relatively advanced, but it’s hard to imagine they didn’t get setback somewhat once the board upheaval occurred and the pig iron samples they were providing were suddenly of essentially no use given the intention to change the tech to produce the stuff. I’d reckon customers would also want to see the Hismelt license granted and potentially a demonstration/sample product too, but I’m no expert on what these kind of discussions entail and require. What seems clear is that MGU aren’t in much of a position to demonstrate any certainty of ability to supply right now but a mandate to pursue further discussions entered, perhaps with indicative terms would be nice to see.