true! dubbo off take agreements will only come after we have made the final decision to progress with building the mine, which we have not yet made. Obviously, no one will sign an offtake agreement for the outcome of a mine that is not yet going ahead.
Final investement decision on Dubbo will be based on the actual cost of building the mine (which will come from EPCD). This is minimum 14 months away after we issue the go aad to Hyundai. Assuming Hyundai is not like ASM with its timelines.
So overall, in my opinion, everything related to Dubbo mine is at least 14 months away from the point of giving Hyundai the go ahead.
The only thing that can generate value here at this point is KMP for now. More offtake agreements from KMP should result in higher SP as we approach more revenue and ultimately cash flow positive.
ASM Price at posting:
$2.39 Sentiment: Hold Disclosure: Held
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