Interesting - thanks. So there's a bit more clarity around the two-stage offtake process Atlantic's doing.
500kt of spod over 3-5 years (30% of Ewoyaa capacity) with a prepay of US$70-100m. More parties than they expected made it through to stage 2. The maths makes sense on 5 years (100ktpa as 30% of production is 333kt overall) so that's broadly aligned to ramp up periods and the production volumes stated. The 3-year period is interesting if that still involves the delivery of 500kt for 30%. 556kt * 30% = 167kt * 3yrs = 500kt. Ewoyaa hasn't yet made other public statements about having production volumes above 400kt (or nearer 500ktpa) that this would imply.
Is the flotation case under considering adding more capacity than expected?
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