Ann: LCK Chairman interview by Korean TV Network, page-2

  1. 323 Posts.
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    Guess things are just getting better and better, he says 2-3million tones p/a in the near term… given Daelim is doing the BFS,we knew there was optionality that they raise production in the future.
    I’m interpreting that the HOA for Offtake with daelim, his verbal admission of the increased scope of production and rising urea prices that we’ll see a very favourable BFS.
    the fact Daelim is now in talks for offtakes is another vote of confidence from the company… I said it months ago, the hidden value behind Daelim as a partner is that LCK becomes a no fail option for them, they’re looking to make a big entrance into The Australian market, running over time/over budget already hurts them more than us, now they’re really getting skin in the game. In 2 years time I think we’ll all look back and kick ourselves at why we didn’t accumulate more below .50c
 
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