1) $3M upfront payment 2) $4M in milestones payment 3) % of MW installed payment upon FID 4) 1 - 2% royalty on electricity generated
Decent terms of sales. The surprise will be the payment upon FID, typical CAPEX for solar and winds projects are $1.0M/MW and $1.6M/MW respectively. If we could get 1% of that, it would mean ~$13M for 1GW.
Now we can focus on progressing the vanadium project.. still pending the Scoping Study..
QEM Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
