I think the market is factoring in a steady flow of orders in the lead up to financial decisions. I think pro money believe there will be a longer timeline than some here may be expecting. They'll all rush in at the last minute, typical instos. They are rarely early.
This isn't a negative it just is what it is. for now.. Ship orders regularly to offtake partners, bank and save up the money, start works for storage and processing and sort out transport & logistic issues while slowly ramping up. Then get debt funding & raise etc and continue with expensive works to increase production / ramp up.
I think the thing here we need to understand is that 2023 will be a good year, but they'll use the entire year to ramp up. It won't happen fast.
If they can get 15-20k tonnes of product out the gate regularly and onboard it for the next 6 months that would be a win.
This is an easy 12-18 month hold, for me personally.
Just my thoughts & opinions.
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