Unless two tier 1 players who have already invested 15mill usd...

Unless two tier 1 players who have already invested 15mill usd as partners ( not for offtake agreement ) say otherwise.
QPM is not dealing with China here. The south koreans are already WELL established in the townesville hub and this project will move forward regardless of size.
Yes the DFS will cover this, but Poscos dd would have proved the amount required for the offtake that has become binding therefore at minimum we should expect at least an increase from PFS levels to match the output required by the Lg and Posco.

Also I believe the 38c reccomendation that came from Fosters was a calculation from the PFS results so QPMs ability to grow from PFS should fall in line with the amount the project has been increased - ( by its investment and offtake partners )

Heres a recap from the investment/offtake ann,

LGES will invest US$10.5m (99,235,889 QPM shares) and POSCO GEM 1ST FUND will invest US$4.5m (42,529,667 shares).
Post completion of the transaction, the ownership interest of LGES and POSCO GEM 1ST FUND in QPM will be 7.5% and 3.2%, respectively.
LGES and POSCO GEM 1ST FUND will be subject to a 12 month escrow on their shares.

As part of their investment consideration, extensive due diligence was carried out by LGES and POSCO GEM 1ST FUND on QPM and the TECH Project.

This included a technical review of the TECH
Project by RPM Global - i would love to get my hands on this!

~ LGES bought Posco to the table to do dd in depth to ensure the requirements were fulfilled by both parties.
As a result LGES and Posco recommended a larger scale project and Stephen Grocott and the team negotiated a deal to bring the project to completion faster and increase scale. The US15mill was the result of this from the pairs investment subsideries.

The execution of the offtake agreements is a major milestone for QPM and the TECH Project.
LGES and POSCO are both
~ highly credible and bankable counterparties~ which " will significantly " assist QPM’s ability to fund the TECH Project.

Their combined offtake quantities will account for the majority of production at the TECH Project
~ giving QPM the baseload customers it needs to underpin development ~

Along with Korean banking facilities there is also talk from Stephen on funding from French banking facilities, NAIF announced now in dd stage, and an HPA offtake of PFS reported size 4n 4000tpa that may bring further equity investment plus iron ore ( which at its peak price was noted could be 30% of revenue ) and magnesium.

It has been mentioned Stephen is happy with the project taking on 60% debt levels with PFS levels of debt repayment being 3.5 years. - DFS will allow for further examination of requirements.

The funds received from the equity investment will be used to advance the TECH Project, including bringing forward detailed design work which will facilitate earlier placement of long-lead time plant and equipment.

LGES Global SCM Center Leader Dongsoo Kim commented,
“This is the most meaningful investment in our supply chain for LG Energy Solution since the company spun out from LG Chem.
We believe the TECH Project will deliver sustainable nickel and cobaltproduction that is in line with LGES’ operating philosophy.
And our proactive investments in the supply chain such as this will ultimately play a role in further satisfying our customers.”

POSCO Head of LiB Materials Business Office Seokmo Chung commented,

“We are delighted to co-invest with LG Energy Solution in Queensland Pacific Metals.

~ We look forward to building our relationship with QPM and assess other business opportunities that may arise between QPM and POSCO. ~"