Binding deals are complexed in nature and require progresive achievements of milestones as MOUs, further due dilligence, offtakes, strategic investments, funding, DFS, paperwork, signatures... etc
The V demand will be in deficit and with some numbers bandied around of 50k tonnes additional capacity, equating to 5 mines to production.
One step takes us closer to these binding agreements.
IP has built incredible relationships and consistency in China and will be there early Nov to further the relationships with our counterparties.
Normally MOUs occur between the PFS and DFS so that the counterparty can lock their future supply
its going to be an exciting year ahead for those who are going to holding TMT long term.
