another article regarding taifeng group, page-3

PDY indeed has to await the FIRB approval and to my opinion a non-binding agreement gives at this stage no certainty; that is maybe why the PDY-sp is holding back..

I remember that FWL also once had a non-binding agreement or so and it ended up with nothing.

I think what is now on the table must be something like a company-maker deal.. (at least I hope) and hopefully a very big step forward to a company with a much bigger marketcap as they once need a couple of hundred million CAPEX...
An offtake agreement might be a nice extra surprise as well!

klmarc