Trommel, I'm asking for facts. we have someone up above posting that we have the worlds largest MOU's, I still see Sinomas name bandied around, yet there has been no movement on that front for a long time, and as I'm sure I've mentioned previously, MNS have made the right moves in distancing themselves away from them and aiming for western offtakes.
Now, facts, largest current binding offtakes in the graphite space are what? 20ktpa? For MNS to achieve their planned output of 240ktpa, that's going to require a decent amount of western offtakes, or a couple of seriously large ones. Is that possible, my thoughts no. Why, because say hypothetically they were to win the Tesla contract, and the numbers being thrown around suggest the amount currently needed by them is in the vicinity of 40-50ktpa, then they would need another 4 of them to similar sized companies. And I would assume in any contract say with a Tesla, that there would be an exclusivity clause not allowing them to sell to competitors. If that graphite is that good, no company will permit selling to the opposition. Any other companies at this point in time with their eye on the EV market are only going to require small amounts, somewhere in the range of 5-10ktpa Max. Maybe if things take off in the future, they may require more, yet no company at this point in time is going to sign binding offtake agreements for 50ktpa with the view to stockpiling it until needed. It's just not feasible, nor realistic.
The numbers on the BFS were impressive, yet they are worthless until binding offtake agreements are in place for the total planned output, and as stated above, I just can't see that happening. This whole superpit concept vs boutique concept to me is a load of dribble. Personally I think boutique will be the norm, and I'm not saying that because I'm invested elsewhere, yet it would not surprise me in the near future to see MNS lower their expectation in regards to planned output. They have the product, but no matter what others say, the current demand is just not there at present
No company to date has even come close to showing this super pit concept will work, this rah rah rah of we have the best graphite is pointless. No matter how good the graphite is, as detailed above, I still realistically at this point in time see no company coming close to achieving this super pit concept. Look at SYR, every other graphite forum on here attacks them stating their graphite is crap, blah blah blah, yet even with first mover advantage, they still can't even come close to achieving their planned output, nor would any bank provide finance. Don't get me wrong, I think MNS will succeed, and hope they do, yet I just cannot see that with the current numbers. My initial post which was shot down in flames stated that some of these ongoing discussion with potential western partners have been ongoing for months, yet not one MOU is in place, nor any mention made in reference to any potential company showing interest, so in theory, they are still 240ktpa away from their planned output. As stated above, I rely on facts, and Frank saying that we are in discussions with potential partners is meaningless until the deal is signed sealed and delivered. He, like any other MD isn't going to come out and state, hey things are going "sh**house" is he
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