This is the most compelling argument for the Hawsons project I...

This is the most compelling argument for the Hawsons project I have read and I would encourage anyone interested in CAP to have a read.

I like the fact that they have a real plan on how to fund the BFS and finance the project overall and can articulate that plan.

The only question appears to be not if, but when the next BFS partner will join Mitsui and I suspect that once more than 50% offtake is spoken for, the balance will be taken up quickly.

The following is a brief extract from the MD's address.

"One key message today is the update on our BFS funding discussions.
+ Negotiations are active with multiple tier 1 parties for equity and nondilutive offtake linked BFS and construction funding, we are targetingsimilar deals to that of Mitsui.
+ CAP is moving through the internal processes of our counterparties
+ And we continue to receive offtake enquiries this quarter by credible,substantial end users, particularly those most affected by Braziliansupply disruptions
+ CAP is confident the market pull for development is very strong and willresult in successful completion of the remaining BFS funding"