That makes sense to me.
I can’t see how any party can execute a binding agreement without a product being produced.
Binding = Contract
One party is obligated to provide a good or service while the other is required to provide the “consideration” for that product. Consequences flow should either party default.
We don’t even have a licence to mine (not one we plan to use) yet so simply can’t see a binding offtake agreement any time soon.
I just hope we don’t have a Catch22 situation with KfW. Surely they won’t require a BOA before funding because that would seem impossible.
Am I missing something?
Ann: 127% increase in Epanko Mineral Resource, page-24
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