Is it not possible that HEC become the strategic investor and a cornerstone of the finance, then undertake the FEED and deliver the EPC in parallel, focusing on procuring long lead plant items that are not constrained by the FEED outcomes?
Have other posters more experience in how this normally works? EPC stands for Engineering, Procurement and Construction after all. Is the FEED not the key component of Engineering whilst long lead plant items come under the Procurement banner? This would seem a logical path to the final element, Construction, in the 24 month timeframe we have been advised?
Moreover, would Hyundai as the parent company to HEC, not also be interested in offtakes? A lot of FeNb needed for their steel operations?
A lot can happen very quickly here and I would love a major agreement with Hyundai to make a mess of our shorters! Dave did say imminent after all in that latest video! ;-)
Relevant Media, page-1287
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