Ann: Binding Offtake Agreement signed with Traxys, page-129

And to add that Arafura DFS reads $724 mil NPV and 17% IRR as a base case projected to change in line with price fluctuations. It's has a mine life of only 23 years too...
ADN wishes to raise a pittance and has far superior numbers. I'd focus on that Santa and actual figures rather than focus on doom and gloom like the volcano brigade. If you read through their announcements they have had raise after raise after SPP. I think ADN have done ok considering we've endured terrible board decisions and a pandemic to deal with. Hopefully we continue to climb from here.. imo gltah.