RE:RE:RE:Ready for some news ?There is an opportunity cost to waiting so long for the off-take partner deal. All the time they are investing in the off-take deal is time they are not investing in construction financing. Those are likely 2 very different pieces of negotiation. They have said as much.
Plus the added risk of potential buyers going elsewhere. We do not know but they may have 12 offers in front of them so it's not an issue. But we don't know that. Large companies with investable $ are also likely to talk to other companies too. They are not the only game in town, they are advanced with permits, but not the only game. South America, OZ, and Nevada all have deposits in play.
Had they done this 6 months ago when prices were sky-high, they would now be 100% focused on construction finance, which would likely happen sooner. Who knows like a home seller who missed the highs and is now hoping they come back before they list, he may have turned away mega deals in December and is now waiting for them to come back, which they may never do. History will tell, is it ignorance, greed, prudence, or stupidity? Hope we all bet right boys.