my understanding is the coy is not fussed whether FR & Co sign or not. the non signing is due to squabbling amongst themselves. they have been given a 'take it or leave it' agreement.
the processes/technology we are currently using is not what was sold to us so they have no claim on the coy and mhm will push on regardless. it would be nice and clean if the agreement were to be signed but not essential to our future plans.
the hold up is getting rid of NMP particularly the old stuff because of the variability in quality. once they have this solved then Alcoa signs, in comes the filter, we work out what true production costs are and US feasibility/financing is revisited.
cash burn has been halted.
my understanding is the coy is not fussed whether FR & Co sign...
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