Offtake agreements are only useful in getting finance.Companies...

Offtake agreements are only useful in getting finance.

Companies with collateral & income, like our gold producing mine, can use that as security for a loan.

If a company is desperate for an offtake deal, to get their project financed, it will be taken to the cleaners in the process.

Can you imagine the interest rate charged to finance a mine in Africa with no collateral, just an offtake deal at say market price less 20%