When I posted last week about the funding for the AU$900m from Germany to support the $1.7B I wrote. Siemens offtake deal is not enough to capture the entire $900M. The agreement stated that offtake had to be filtering through to German industry…
So why would the credit agency talk about such a large number if there was not another German offtaker in the background waiting to announce an offtake? In other words when you go for a home loan of $500k, they don’t announce you can have one for $900k, unless you ask for the extra funds for another project (aka the balance of the offtake to another German company).
Why does this offtaker not announce to the public now?
In my view, they need to ensure ARU is 100% going to supply and funded from every party, otherwise they lose their existing supply from China and their current business stops if China turns off the current tap of NdPr.
The next or real question, is who or what department is the heavy weight…slowing this train that is about to move out?
My guess, the Australian Government with their CP’s. They have offered money several years ago, but they need a quarter of a century!!
As I posted two days ago, I believe the balance of our offtake will be headed to Germany, and the links you have made were my guess as well-Thanks for sharing your research.
(20min delay)