How likely is it that BML will build a mine??, page-9

There will be no freebies

Above commercial interest rates due to startup risk

Limited upside pricing to 20% of spot price increase so benefit to off taker

Unlimited downside pricing at BML risk ie BML will need to hedge this so benefit to off taker

Ive said all this before on these threads several years ago and added this is why these finance/off-takes take so long to negotiate
Off takers will say just get the money elsewhere if you don’t like it, when they came back cap in hand they get their asses handed to them!