Exactly!
Another somewhat persuasive indication would be the $200M funding (+ up to $50M) they have already secured in this very, very early stage....Without having assigned a single ton of their super grade 70% IO in off takes! Of which they may now have 20Mtpa! That is double the off takes and double the potential capex funding.
I am going to be nice an patient till the end of the year. I think a good bit of the funding hurdle will be sorted by early next year.
Ann: HIO BFS Expansion, page-150
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