A question for the more well informed. Below is a quote from...

A question for the more well informed. Below is a quote from RNU's DFS, what percentage of first stage production (80ktpa) needs to be committed to BOA's before the go button is pushed? Can RNU commit 40ktpa, build the mine while prices increase - then sell the rest at higher prices or does all the 80 need to be sold first.


Staged development to reduce up-front capital cost: DFS based on staged development, with average production of 80ktpa during first stage (years one to four), before expansion in year five to be funded through expected project cashflows. Average projected production in years five to ten is 144ktpa.