The Hallgartan report gives NTU's DetailedFantasyStudy a run for its money. I believe the $10m off take pre-payment would cover 60-80% of the total pilot plant production IMO.
Seriously doubt JFMAG are going to make the prepayment though. I am sure they would worried about potential for NTU going belly up. Probably why NTU extended the SPP offer to make up for the anticipated funds shortfall.
Looks like punters will be able to buy NTU shares at below the SPP price soon enough the way its heading. New low on its way?
Ann: NTU - SPP closes with $11.7 million raised, page-15
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