QPM 3.33% 2.9¢ queensland pacific metals limited

Ann: Quarterly Activities Report & Appendix 5B, page-12

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    There's more than one offtaker in the equation, so if any offtaker were to provide financing, they would only do so in the knowledge of what other offtakers were doing. You don't fund part of a large project if the whole capex can't be covered by your contrbution plus what the company can raise/borrow otherwise, especially if the project is much larger than your demand, because some other offtaker won't contribute.

    I imagine some kind of scheme based on an agreement that if offtakers want to sign up, they must contribute financing in some kind of proportional way, or otherwise nobody contributes financing and it's all done by loans and capital raising. It'll be interesting to see how it plays out.


 
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