MGT 2.86% 18.0¢ magnetite mines limited.

Ann: Renounceable Rights Issue to raise up to $15.8M, page-401

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  1. 98 Posts.
    lightbulb Created with Sketch. 14
    Off-take agreements can certainly be signed prior to the final investment decision/decision to mine and are used as evidence of the project's viability and potential market when seeking funding. Kind of like a very solid marketing plan that you'd take to the bank for a business loan.

    I agree, it would de-risk the project to see at least an announcement of off-take agreements being pursued or negotiated.
    Last edited by Jeiess: 17/05/22
 
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