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31/01/20
22:06
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Originally posted by manfromgwelo:
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Hi Names little, According to PIO's Announcement of 20 June 2018 the price was agreed was fixed for 2 years on a sliding grade scale : "The Offtake Agreement pricing is based on a sliding grade scale and fixed for the two-year supply term and no penalties or credits apply for any other elements or compounds present in the delivered pollucite." As they are still within the 2 years from Commencement of Mining ( 13 Sep 2018) it could be a reconciliation based on a more accurate assay method. But if it was just a correction then why would the offtaker also take all of the lower-grade material that falls below the threshold of the supply agreement ? One possible explanation could be that with the Offtake Agreement expiry date less than 5 months away the offtaker is preparing the ground for a new agreement.
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Hi @manfromgwelo Do you feel PIO might continue deliberately looking for Polucite or just keep a look out on the edges of the Spod and let Sino know if they find anything?