The main question at the moment is how easy it will be to secure MOU offtakes and financing. The PFS stated a capital requirement of 178 Million USD. This is the most important point to deal with. Options are Joint Venture debt financing and hopefully not so much equity. Here arises the questions why should someone do this. First of all FYI is in a unique situation the only one ar the moment having a big amount of HPA to distribute. Roland Hill called the project second to none that emphasizes the unique quality of the project. The economical figures are really good. HPA made of bauxit is a expensive process with a tremendous invironmental footprint and will be reduced by the use of kaolin. FYI is in contact with more than 25 companies will we see a happy ending. At least at the moment the odds are very good.
FYI Price at posting:
7.4¢ Sentiment: Hold Disclosure: Held
