Price and Chart HIO, page-65

Absolutely @johntie. Off-take agreements will come with some funding towards construction. Then other financing packages will come after.

8 customers were willing to sign off-take Letter-Of-Intent (LOI) at the time when Fe70% was around USD $88/ton. They would be more even more willing now to sign off-takes with Fe70% price expected to be at USD $130/ton and with green steel demand expected to increase to reduce emissions. Wood Mckenzie expected pellets and high grade iron ore demamd to grow at up to 35% annually in coming years.