If I can dare change the subject for a minute...........My...

If I can dare change the subject for a minute...........

My current list of off take agreements are as follows

5 - 10 ktpa IMCD distributor for SE Asia and Australia - HRM and SRM (Nov.'22)
8 ktpa Yamada, Japan - KCM 90 (June'23)
23 ktpa FG distributor, China - CRM (June'23)
5 ktpa FG, China - KCM 90
15- 20ktpa Ibero Clays, Europe - CRM (July'23)

56 - 71 ktpa total

Obviously ADN is good to go for Stage 1A and some way already toward 1B.

If...we can presume a profit of $300/t then Stage 1A should pay for itself in a tad over 3years ($15m x 3 = $45m )

Just beer coaster numbers - but Stage 1A looking very good to me.