HI Skrib,
Are you confirmed that the first shipment was at 6% concentrate? Do you have a link to the info?
My understanding is for the first 3 years, Ganfeng is obliged to buy all output from Mt Marion, after the 3rd year, NMT and MIN are entitled 50% of the output to do whatever with (ie: sell at open market with aim to sell at higher price than what they get from Ganfeng).
After the 3rd year (or even earlier), the operation will be running like clockwork and smooth, this will be a cash machine for NMT, without lifting a finger. Well done Chris.. hat off to you.
IMO of course.
Wait, what is the quality of the concentrate?, page-3
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