Further potential offtakes, page-8

I'm not denying what I have previously said. I still very much believe that, however I am here to ask legitimate questions.

Im not doubting Magnis and if you read my posts none of them specifically bag Magnis, I rather refer to Magnis as a measuring stick to which all others are compared. I hope Magnis makes a truck load of cash for you and then you don't have to sit here and go through previous posts of other users.

Back to my questions that I initially asked,

"I do however have a few questions and am hoping that the loyal MNS holders would be able to help me out here.

At the moment MNS have Offtake agreements with SINOMA (80,000tpa) for 5 years and with SINOSTEEL (100,000tpa) for 10 years. So for the first 5 years they have sewn up 180ktpa at market price. Looking at the BFS released in March it states a "15 year mine life" at "240,000tpa for the first 12 years". My question is with MNS saying they are in advanced negotiations with western offtakes does that leave them only 60,000tpa for any potential end users???? (240k-180k=60k)

There is significant talk in the BFS of a bigger plant size (PFS states 3.6Mtpa, while BFS states up to 5Mtpa) and I understand that the Nachu resource only covers 2% of the project licence area. It is just with further exploration which can be funded quite easily once the plant is up and running will MNS be able to get it out of the ground quick enough???

Also just going through the investor presentation form February, the projected timeline has production starting Q1-Q2 in 2017. The BFS has commissioning and production starting Q2-Q3-Q4 2017. Does anyone have a clearer understanding on the timeline? My bet would be that the BFS would be right with 2017 just over 6 months away.

GLTA"


If any of the regular MNS posters have any answers ( Matt72,  Archer9, Patience, Bailey241, Tobyjack, Kingofhell or any others) let us know your thoughts. Lets keep this post about MNS as we are on the MNS thread hey