secures off-take, page-9

g'day Jimmy,

I was under the same impression as you, off take to be 80% of 20MT +4MT of fines. which would still leave 6MT + the fines to get off take for. A little more detail would be nice, like commencement date of first delivery, price per ton, etc...

I suppose its good news to the point that something is finally happening, but there's still a long way to go, the funding still has to be secured and if the 80% mentioned in the june funding announcement is correct, then there's still another off take to sign.

My guess is that SP will rise to about 2.4 and drop back to about 1.8 within a week or so.

Regards
Incognito