It would be hard for them to get funding for the mine atm their profits would be about 50-60 a tonne on 800k production so 48m, a loan of say 200m and intrest rate of 10% payback would take 2 long. They need to go straight to 3m production. On the other hand if they could near fund it themselves after hismelt and biochar it would look alot better, i for one am happy for them to take their time getting the best deal and not giving up too much. As for the consultancy thats why we have them there for their connections if something comes of it then its all worth it, complaining cause theres no update every 2 weeks is folly.
50% of hismelt locked in is brilliant imo
And if you read the terms it stated they have to have biochar in play aswel
biochar has not been a major focus till recently if it takes 6 months to get it going then so be it we have all been here a long time a few more months wont hurt.
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