"The deal is confirmed at $5B turnover for first 7 years - thats approx $700M/annum - but for first 3 years on a sliding scale. WOW!!!!"
Lol - another one that has not learned anything from the past week. The need to ramp is such a drug, it seems.
What does it take to convince all the confirmation-biased tragics around here that NOTHING has been confirmed!
There is an exciting prospect - but that is a very different beast than a CONFIRMATION.
There is a term sheet that MAY lead to a confirmation as long as a number of difficult hurdles are got over - sample purity, BFS metrics, development capital etc.
Lets take it one step at a time shall we - and then we can avoid the over-inflated expectations that caused so much angst over the past few days and undoubtedly burned quite a few people?
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