According to Goldinvest: The pilot plant can thus be regarded as a kind of door opener for off-take contracts.Off-take contracts for their part are the door opener for financing the project.We anticipate that the next 3 to 4 months will be leading the way for the success of FYI Resources.
The economic data of the project are amazing.According to Pre-Feasibility, FYI could generate a free operating cash flow of $ 91 million per annum per annum.However, FYI requires more than $ 180 million in investment.The all-important question will be how FYI can structure this funding.
FYI Price at posting:
6.3¢ Sentiment: Hold Disclosure: Held