Hi Ebner. IMO There is still a fair amount of finance and construction risk with Sconi....not that it won't get built, because it will;
but the timing of completion and impact on holders is still a little uncertain, SK's power notwithstanding.
We have no solid evidence that SK is committed to Sconi. They have a binding off-take that is conditional on Sconi being financed and built timely. The AUZ fanatics crow about their partner. But there is no JV and no equity held by SK. They have a customer for off-take, who holds an option on 19.9% of the company.
SK has shown a conditional commitment to future production, and may or may not take an equity position in AUZ. That's a little short of throwing in a commitment to build Sconi.
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