RE:RE:RE:RE:A few of these will suck up huge amounts LI,NI,CO,GraphiteThat's true BUT PILBF and ALTAF FORCED their offtakers to BE STRATEGIC PARTNERS by requiring them to commit capital to the creation of the mine.
CRE has to be careful NOT TO BE RIGID IN IT'S EXPECTATIONS. ALTAF squeezed Great Wall Motors into a recent $50 mil US contribution to capital. Now mgtmt on both sides are lovey dovey about new quantities of spud flowing to Great Wall in phase 2.
PILBF AND ALTAF used offtaker capital contributions to build their mines. Don't know about u but 6-10-12 offtakers who kick in capital to build the mine is fine by me.
Let's get this ball rollng.