Won't need finance to build a ~$500M plant? I think we probably will bud.
Phase 1 is good, but look at the photo - its a plant on wheels so to speak. A very temporary setup, fit for purpose because its all cheap and low capex stuff to start bringing in FCF, but if E25 is the 100 year EMM producer we all hope it is, we 100% will need finance to take us there.
Don't worry though, because if that all happens the share price will be 10, 20x current SP
As PG says, its a sellers market. In history there has never been a better time to be in this position - and its only going to get better, so yes battery makers will be in a hurry to get us locked in.
Ann: Binding Take or Pay Offtake Terms Finalised with OM Holdings, page-31
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