May help to place an indicative time frame on the contract or am I to understand that that is a per annum figure? 500KT over 10 years seems a little more believable. Otherwise that is a seemingly huge sales contract - 500Kt would be remarkable, astronomical, but somewhat inconceivable. Best of luck to you guys but I think anything a tenth of that size would be an amazing start considering world production for last year was:
China 810Kt
India 140Kt
Brazil 105Kt
North Korea 30Kt
Canada 25Kt
Madagasca 10Kt
Mexico 8Kt
Turkey 5Kt
Sri Lanka 6Kt
Ukraine 6Kt
Zimbabwe 6Kt
Norway 2Kt
Other 2Kt
TOTAL world production 2013 = 1,155Kt approx
Cheers, R
Anyhow here is my punt -
Offtake too hard to guess just yet:
a Christmas MOU
21 December
China
40Kt / year for 5 + 5 years
May help to place an indicative time frame on the contract or am...
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