With all due respect you can’t get a binding off-take without finance, if there is no finance there is no definitive timeframe for construction of a mine so actually the best you can get is a nonbinding offtake, and you can’t get finance with those. So the options are JVs, dilution of shares or a sale of some assets if there’s anything to sell off. These are not easy to achieve when trying to get the best deal for shareholders. None of the graphite plays have been able to achieve debt finance up to date.
With all due respect you can’t get a binding off-take without...
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