ATC have terrible numbers and the market is aware of that. FYI has much better DFS released and a much higher unstanding of the HPA.
Does it not worry you that all of the MoU signed to date at A4N are largely for precursor? I would assume a new updated DFS would need to be released before anyone would finance your plant now if they progress to binding. The economics of the project would have changed significantly. It also rings alarm bells why no MoU released for HPA given the number of others signed.
A4N real deal, page-212
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