As per Odes based on KP 49 minutes the conversion process is not going to be SYA,s total saviour!
we would sell the material into the jointly-owned chemical plant. But the offtake agreement itself would remain in place. So that's, that's a life of mine offtake.
In other words they buy 50% for $900 from NAL for life of mine with no consideration to inflation and are then required to sell it back to NAL presumably at market price i.e.circa at the moment $1200.
Whisky, as far as knowing the full details of this contract, the full details of the contract were not always known i.e. contract for life of mine as per above!
General Discussion Topics, page-137402
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