POS Offtake Agreements, page-4

Yes and this BFS is only for 4 years with AISC at 4.90 uslb at 7,500tpa production at 1.0% av grade.

If you use the MST Access figures from last year BEFORE the FTM it was 8,000tpa for 25 years.

This BFS & the met results were clearly used to get offtake term sheets ie tenders for supply of Ni conc from Trafigura Outokumpu BHP.

Trafigura will pay way more as seen with PAN & send it to china thus cutting BHP out of another lucrative ore supply like PAN. Also PH was SECRETLY negotiating offtake with PAN for years looks like and again same thing here with POS by him.
We know this as PAN signed offtake with Trafigura AFTER PH left as CEO there and came here.

Seems Trafigura are the best option right now.
A known reliable partner until PBT pay up and sign the POS JV deal they are clearly refusing to agree to or fund.

If PH copies PAN, POS will get $50M cash/credit and a 4 year Trafigura offtake & that should BOOM the SP as market thinks no offtake or production for a decade to come.

POS can produce way more at higher grades and lower costs (my estimate was 4.00 AISC).

1.1MTpa at 1.0% ex Cu Co credits offset with high recoveries/payability = 11,000Tpa not 7,500tpa.
Where did the extra 3500T disappear to?
Mix at 25-75 gives you a 1.5% grade and then production goes to 16,000Tpa.
Increase the mill to 2.2MTpa double the BFS then production goes to 22,000Tpa-32,000Tpa
(circa Nova/SIR worth $4B MC for IGO) at $800Mpa -$1200Mpa revenue.

They have understated the grades, production, capacity, LOM at higher costs.
And still its making a motza!
Lots of room to boost production and revenue here just at BS alone with no other ore or mill used.

Do the maths. The maths dont lie.