Unfortunately with all offtake taken up for stage 1 and 2, we will be negotiating from a disadvantaged position when seeking additional funding from LG, Posco or GM.
Our only saviour would be either one or a combination of the following: 1. Support from other export agencies/banks i.e. kfw bank germany, koreans etc 2. Heavy reduction of capex. Only issue is FID is coming soon and I doubt we have time to 'wait' for inflation to ease for us. First production has already been delayed from 2023 (Pure Mineral PFS) to late 2025 now. 3. Support from Aus government 4. Renegotiating offtake terms with the LG, Posco and GM for a delay in offtake, extra funds, etc.
QPM Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
