Pretty interesting announcement. Minbos has decided to go with the Builder/ Operator path. This is good as they can ramp up in modular sections. And all funded by the builder. Bit of a win win in my eyes. The non-binding part is standard for the start of the process. PFS study yet to started. I feel the technical side of the studies will be much quicker being the builder Knows there modules back to front. The supply/demand side for the region will take a bit longer. But non the less shouldn't be a drawn out process.
I'm expecting Angolan bank finance to be dropped soon as they have had plenty of time to assess the project the the fact the IDC is back it should mean their due diligence should be just around the corner. Pieces to the puzzle coming together
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- Ann: Minbos Enters Agreement with Talus for Modular Green Ammonia
Ann: Minbos Enters Agreement with Talus for Modular Green Ammonia, page-26
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