To add to the above, it is my understanding that with the 50kpa offtake, its with a third party and not an end-user and the offtake partner does not even use or offsell anything close to it at the moment and the offtake is actually dependent on the sales of this third-party. I believe these Syrah offtakes are highly questionable because of this imo. Not to mentioned not being able to fund operation of a 350kpa mine with only a 50kpa offtake!
Feel free to clarify if I stand to be corrected....as I'm all ears with this one but please dont fluff us!
Ann: Syrah Announces Resignation of Managing Director-SYR.AX, page-80
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