It's all to do with risk.
Firstly, ILU have successfully procured finance to produce and sell stuff over many years. They have a long and (relatively) successful track record of delivery.
Secondly, there's a hell of a lot of ILU (and third party) monazite sitting in HMS operations and as-yet undeveloped deposits in Australia. Some might promote it (to government) as an endless supply.
Having said all that, it's criminal that ILU is in line to receive a minimum of $1.2bn of our taxes when they should be required to fund a greater share of the Eneabba development costs out of earnings from the sale of Zr and Ti.
It's all to do with risk.Firstly, ILU have successfully procured...
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