Govt participation in SYR project, page-33

I've been watching Syrah for a while, I'm currently more concerned about the assumed 380Kt per annum output in the projected company financials/studies, when currently Syrah to my knowledge only have one 80Kt per annum binding offtake agreement with what also seems to be a Graphite Trader new to the market and that same agreement only being secured for 3 years!
This is more of a growing concern for Syrah. More important than quoting so called preferential fiscal terms under a certain Mining act.

I believe if Syrah do not add to their binding contract agreements soon I personally doubt they'd end up paying any preferential tax rates etc at all. The project simply would struggle to get to mine.
If Syrah are trying to raise considerable capital currently I'd see Institutions seeing through this current situation.

All IMO