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Message: Re: Update Summary
1
Apr 06, 2015 08:25AM
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Apr 06, 2015 10:58AM
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Apr 06, 2015 11:22AM
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Apr 06, 2015 11:47AM

"Cash flow from production at NPSP should begin within weeks to a few months following the start of production, maybe earlier if Genesis can soon produce an offtake agreement - a type of foward sale on some part of production. I would guess they are working on this at present, but only they would know."

Let me qualify that statement. An offtake agreement is less a foward sale than it is assurance that the processor of the ore with whom the agreement is made will run that ore ahead of ore provided by suppiers not subject to an offtake agreement. It means the ore doesn't get stockpiled around the plant if supplies are plentfiful.

FWIW

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