We must now be inches away from having an announcement regarding an expanded start-up plant of 100ktpa.
Toward the end of last year this was suddenly mentioned, out of the blue, as a possibility by BK - with 70ktpa of BOAs being the trigger.
Prior to the Ibero announcement we were at apx. 40 ktpa. Now we are at a minimum of 50ktpa total. Presuming the Traxys agreement is still good to go that adds another minimum of 30ktpa. We now have a minimum of 80ktpa (and I'm not including the 10-20ktpa that might BOA from Opaque in India) so the trigger for the 100ktpa plant has now been exceeded (and if we do include the Opaque MOU, all production from the starter plant is now contracted).
Presumably the forthcoming announcement for the 100ktpa plant will also be accompanied by an announcement that the Traxys agreement is now binding and that finance has been released.
Presumably that could come at any time in the coming weeks - and the SP begins it's super-charged, shorter destroying, ascent beyond 10 cents.
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