clarification, page-5

I don't know, but I think from a commercial basis we won't see a new customer sign up for a heap of our RP in one big lot.

* Customers have existing suppliers and contracts that may extend for months/years
* Commercially an organisation doesn't change from a known supplier to an unknown supplier without due consideration to risk. (delivery reliability, quality, etc.)
* I am not familiar enough with the processing, but there maybe a need to modify a factory or at least adjust processing parameters when raw mtl is different. Establishing and setting this up also takes time.
* Partnering and additional investment takes even more time and due diligence.

My guess would then to see a sort of preliminary supply agreement, with trial period and ramping up of off-take, etc. Probably from a few customers. this takes time, it's not like buying a car (or even a house) one doesn't just walk into the salesman's office choose a colour and sign on the line. This would then enable MAK to go to the market/bank for finance or a partnering agreement would set the stage for some sort of investment cocktail buy-in/cap raising/financing

I feel a loot here are expecting a lot very soon. A bit of patience this is not like drilling a wildcat well.