Good find oznt.Very conservative IMO but it is based on 30 TPA and not 40 TPA nor 60 TPA.
Walkabout Resource do not intend near term contracts while the mining license is not issued.Will be expecting further off take at binding level to 60 TPA on startup.They can grow into known markets with certainty from there with say six months of production achieved and proper data to then expand the project with certainty.
This is a buy and hold where earnings will be well beyond a pip trade paradise...
Croc
Patersons Research Update, page-3
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