This announcement is essentially an acknowledgement (to the parties negotiating potential offtake agreements) that the Govt will back the project as long as they commit to purchase future output. It's the Govt. showing potential parties "the whites of their eyes".
They are serious, they are committed, but it can't just be any old deal. They want 100% production committed to sales agreement(s) and they want to deliver the project within a defined time frame.
BB has no been given the green light to negotiate deals with a very big "support signal" provided by Govt.
I've said this before, the market cap (of A$65m currently) is chump change and will be an order of magnitude much higher than this as soon as an MoU/ Heads of Agreement/ conditional contract or whatever is negotiated re the offtake.
Just watch this space!!
Off-Take, page-12
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