EQR 4.35% 4.4¢ eq resources limited

Ann: EQR Begins Grade Control Drilling Ahead of Open Pit Restart, page-5

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    Just checking I understand but the reduction from $264m to $181m in offtakes is for G6M not EQR? There's a number of reasons offtake agreements might reduce that's not related to market demand. An offtake agreement is a risk from the purchaser as they're providing money up front for something to be developed that could potentially not come to fruition, or not come to fruition by the time needed. It could also be the producer that has determined they can get financing without offtakes and sell on market for more than an offtake contract amount.
 
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