Memorandum of understanding non binding is not an industry...

Memorandum of understanding non binding is not an industry offtake.The discussion between NTU and the end user is non binding because NTU has not carried out/completed the various studies (scoping,DFS & BFS) required to committ to mining.
NTU may or may not go into production. This MOU is only the recording of a discussion amongst the 2 parties.
NTU may never get to produce the 1500 tonnes required or the end user may find 1500 tonnes else where in a quicker time frame. At the end of the day it is a Claytons ageement that may or may not come to fruition.
In saying that it is encouraging to have someone to talk to.