Interesting discussion - potentially makes a lot of sense given their location - and cuts out a lot of risk in the current environment. There's no reason they couldn't start with this option and rebuild the mill in the meantime using the cashflow. RMS did that if my memory serves me correctly. (not sure if they used cashflow but I think they started with toll treatment).
In principle it sounds like a good idea - it would be interesting to hear any other comments on any downsides to this approach.
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