The Memorandum of Understanding by FYI and Alcoa is dated at the...

The Memorandum of Understanding by FYI and Alcoa is dated at the beginning of September last year. A joint venture decision was originally supposed to be made in the first quarter. This deadline has now passed. However, it would be premature to conclude that Alcoa has lost interest. The talks are on track, albeit slightly behind the original schedule. After FYI's impressive feasibility study update, how could Alcoa not be interested? If the project value (NPV) is more than $ 1 billion after taxes (an 87 percent increase). A seven percent increase in CAPEX results in 45 percent more annual EBIT. You don't see such numbers every day at Alcoa either! In addition, the ESG component is becoming increasingly important for Alcoa. FYI should be close to certification, and trading on the OTCQB in the US is expected to begin this week as well. At least one presentation for the US stock exchange is planned for Thursday. We cannot say when a definitive agreement will come with Alcoa, of course, but we are confident that it will come and possibly sooner than some believe.