Ann: Pilbara Signs Off-Take Agreement to Supply DSO, page-80

A very good day and for some, I guess they are surprised of the markets acceptance. I sat quietly and discounted it being an issue in the coming weeks. There may still be some choppy waters ahead but this DSO has further derisked PLS. the transport figures above are very generous and all the companies in Australia would jump at $48 a ton. I send grain to Melbourne 500 km at $50 a ton. there is no reliance on back loading but sometimes they get it. Pilbara may also have little possibility for back loading either for bulk haulage but if rail is the choice then it could be 50% of the figure and a contract for that tonnage by road utilising road trains would most likely sit in the 30 to $35 a ton. Transport operators often run on very fine margins or don't/cant use a calculator due to the competitive industry .

2/ an issue I don't see discussed here is the 1.4% rejection. I gather that means the ship turns around or ore is sold at dumping costs? We really only have a margin of 6% from the 1.5% of trace Li feed stock and if we exceed that then all hell breaks loose. When digging up such large quantities and loading trucks immediately, policing this tolerance is a question I raise. like grain sampling, maybe they will do 6 probes per trailer and mix this together and monitor daily and thus the average of the shipment can be assured from our end. testing takes how long?
past experience with fruit and other items to china is that they regular reject with questionable sustainable evidence and it is pertinent to have trusted representatives located on recieval .