I'd say non binding because Minbos will have to do feasibility studies in order to look at the economics of the further downstream processing to produce nitrogen based fertilisers & explosives etc. I'm sure Talus would have liked a binding agreement.
With the availability of low cost power the PFS/DFS will just confirm the obvious, however it will give costings. This is still a fair way away from becoming reality, however when it all comes together Minbos will be a very big company. The foundations are there.
Amazing how quickly it can be deployed - "in under ~ 12 months".
Astute watchers will have noticed Lindsay had Talus on his Linkedin page some time ago.
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I'd say non binding because Minbos will have to do feasibility...
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