What if... one (or some) of the potential offtake partners also want to take part in the construction financing. For them (or anyone else involved in the financing) today's outcome really matters, as it almost doubles the size of the resource, and thus more value for money
I know this is just speculaton, but it would make sense, considering the given timelines
(see https://www.scandiummining.com/site/assets/files/6064/scy_form_10q_q2_2020_final1.pdf)
The following steps are planned for the Nyngan Project during the 2020 and 2021 calendar years:
Complete master alloy pilot trials and optimization work in Q1 2020 (completed),
Pursue additional offtake agreements in support of planned future scandium sales,
With offtakes, seek construction financing for project, earliest 2021,
Commence site construction in late 2021, with anticipated completion over 14 months, and
Initiate project commissioning earliest late 2022, with product available for sale by year end
2022.
2021 is only 3.5 months away from now. Ample time to pursue those offtakes ;-)
Some kind of obstacle seems to be removed. I quote GP: "We believe the Nyngan Project, now more than ever, is in position to be the world's first primary scandium mine."