The important points DC raised are as follows:
We don’t need to wait for pricing to increase for FID.
We will work together with the off take partners NOW with certain mechanisms in place that protect us….in anticipation of that turn we see coming in pricing.
Time lines on FID….. dependant on 3factors.
Completing technical side….DONE.
Regulatory side….DONE.
Financial side…...not there but close. Have conditional loan agreement with Aus Gov.
Gets us closer but not all the way to funding.
”We don’t have to wait for the market to change as our potential customers are looking to mitigate the same supply risk that we are seeing.’’
"We have other funding options: equity participation from our offtake partners"
My personal opinion....we are very close.
10x
(20min delay)