Non-binding offtake agreements are intended to be just pleasant...

Non-binding offtake agreements are intended to be just pleasant noise. Binding oftake agreements can be a heavy cross to bear if the price is too low. I have a recollection, but as yet no confirmation that Gascoyne had an onerous offtake agreement, and by some legal magic, it was annulled when they went into administration, which was a great blessing when Gascoyne rose like a phoenix and became profitable later, and without the onerous contract.

A mental cripple could sell 4N+ HPA, so the offtake agreement is not something FYI should rush into, IMO. We can be fairly sure it would be mentioned in any JV commitment. It is not difficult to find examples of onerous offtake contracts on the Internet. AGL had to write off $1.92 billion in “onerous contracts” relating mostly to long-term wind farm offtake agreements.

Be careful what you wish for. Remember what happened to King Midas.