Oh, I agree the SKI OT is great on face value but with 100% OT...

Oh, I agree the SKI OT is great on face value but with 100% OT it is very risky in a business sense.

We all know SK’s agenda is to become one of the biggest suppliers in the world within 5yrs, they are not only into REE’s they are also into oil and gas, we are playing with the big boys here and I bet my bottom dollar that the fine print terms of the agreement are in favour of SKI. That’s not to say they would exercise their powers fully! SK have so far proven themselves to be an honourable organisation in the supply chain.

Other factors of concern are Geopolitical issues like US vs China, Korea vs Japan or the issues that Lynas have had to face! Political agendas will always override any Co agreements.

Nevertheless, its like a game of chess, you alway want to position yourself to have the upper hand. That was my reason for the comment. None other...

Let’s see how we go this week and if we have a signed financial agreement we will have new topics to debate!

Cheers.