Very unclear at the moment.
Also just highlighting this excerpt: In June 2021, Andromeda announced “Significant Binding Offtake Agreement Signed for GWKP” with
Jiangsu Mineral Sources International Trading Co. Ltd (MSI) for sales of 70,000 tpa +/- 10% of Great White
PRM™ (refined ultra-bright high-purity kaolin) product for an initial term of 5 years at a price fixed for the
first 3 years.
70,000 tpa +/- 10% for an "initial term" of 5 years = 315,000 to 385,000 tonnes
However the DFS indicates that they only have enough PRM material to satisfy 56,000 tpa over 6 years (336,000 tonnes).
i.e. barely able to cover the minimum agreed to in the BOA, and clearly no chance of extending the "initial term".
Very unclear at the moment.Also just highlighting this excerpt:...
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