Any obvious reasons why Bushveld is going bust? Like, even if VO5 was at 10-15$/lb, would that save them or do they just have a bad project or bad management?
Each mine comes with its own set of challenges, how deep you need to drill, distance to ship, existing infrastructures etc... Maybe VR8 can actually even benefit from a bankrupt Bushveld by buying some of their assets for cheap.
We'll see. Getting binding offtake agreements is what will make the biggest difference in the eyes of financial institutions anyway
Ann: Over 100% of Phase 1 Production subject to Offtake MOUs, page-24
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