The truth is share holders don't know what discussions have taken place behind closed doors. What offers or terms have been put down, however DC has said that off take partners are realistic in future pricing, and we are almost but not quite there yet. He has also stated that several works and long lead items have gone past the FID stage in anticipation, to get the mine up and running asap after.
Perhaps the demonstration plant is crucial to be built quickly to provide samples of our PSG. Maybe POSCO would like to qualify the product before saying "sure why not, we'll take 60k t/p for 10 years+ at $$$". Were trying to sell a commodity on a massive scale, and can't even give them some to try out?
The demo plant which was supported by POSCO and Hanwa could be a requirement before signing contracts. In Renascor's words " is intended todemonstrate the commercial viability of Renascor’s eco-friendly, hydrofluoric acid-freePSG process"
First Renascor needs the Gov Minister's approval (which seems like a formality as this stage) at Bolivar to build the Gov co-funded PSG demo plant, as the land will then be approved for that use.
IMO contracts will only likely signed after building the demo plant, and hopefully RNU's PSG is superior to China's in more ways than one.
I don't think the minister is a share holder, as that paper would have been stamped 'approved' the moment it hit her desk! But what can you do?
@Skills1492 reply not working
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