Mitsubishi has 100% off take agreement already, Mitsubishi was chosen for the Asia market exposure it already has. This just confirms what we already knew that the DFS numbers were conservative and still make for a compelling project.
The plant from reading the very conservative plant construction assumptions and built in allowances to guarantee 4500ton per annum is most likely able to produce more than this. Time will tell what that number is.
As for producing more you can not just decided to change the size of the plant without serious time delays, possibly years. All the numbers have to be reworked, rework of plant and costs for engineering, materials, project costs and overhaul for new contracts for guareeteed output and volume, an updated DFS, renegotiation and further due diligence from all finance partners and the list goes on. Lock in current finance and get building and to production, then duplicate with cash coming in.
ATC Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
