Starting from February 2018, BCL shall, in the first two years, purchase an aggregate of at least 200,000 dry metric tonnes of high-grade lithium concentrate at a fixed price, worthing of approximately USD200,000,000.
In essence it sets the benchmark price for lithium concentrate at $1000Mt for 2018 @ 6% grade - which is higher than the other producing lithium producers contracts at this time. They may even get more if the grade is higher than 6% like what GXY has in their contract.
Therefore a market bench price of $1000Mt can be used to measure an estimate of what our own Manono deposit may be worth.
Haplo
AVZ Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held