What I reckon the problem with TMT (and AVL) is so far, and just a couple of months to DFS, there is
not even one show of interest in the way of off-take, not even a letter of intent from anyone (nil
announcements in regards to this)
The reason I fell, is flaws that are evident in both PFSs, especially with TMT's. Clients are not
going to take that PFS seriously and it is probably doing irreperable damage to any potential future
funding.
There are gaps in the info, for example, in regards the energy requirements, with almost no detail
on how this will be achieved (the same with AVL). A picture chart in the TMT PFS has no reference to it.
TMT are worried about bringing down costs (say from 4.25 to 3.95), but who cares? the client doesnt,
he wants to know about the gas for eg.
There are other issues also, such as why is the plant being located in the south (and not the north), notwithstanding
the disjointed resource which is another negative.
And what about infrastructure sharing - no mention of that whatsoever by TMT nor AVL grr
The clients are not dummies, the know the difference between a good and bad PFS.
In regards to the gas, AVL mentioned recently about some sharing of costs in that area, but NOTHING further.
I feel the market is losing patience with no binding agreements forthcoming so far, and the weak PFSs
have been a contributing factor.
I mentioned a long time ago about a merger, but I suppose thats out of the question now.
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