I'm no financial expert - but in this case would I be correct in thinking this will be a part sale of the project, not the company - hence no dilution necessary?
If we e.g. sell 25% for AED$500m (in line with Wodgina pricing, and our project is FAR more advanced so should be higher but lets take this as base) - then us current shareholders will own 75% of the project, which is now funded to stage 3: 7.5mt/annum. Our 75% is the equivalent of 5mt/annum - fully funded to production.
What would our SP be with a 5mt/annum project, POSCO JV, additional conversion plant - the sky is the bloody limit!!!
I think they key point in the ann. was preference to selling to a partner with strong conversion facility experience. So likely to be one of the current big 3 IMO.
Or am I barking up the wrong tree? Lol.
Ann: Stage 3 Partnering Process Commences, page-83
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