Thats what I think, hence three year deal initial for third of production for EcoPro
Where INR is at the moment, our bargaining strength is rather weak...
If INR were to sign with a major, INR would be negotiating on thier back foot, I can clearly see Tesla/SDI/LG rep saying at the table -> You dont even have permit do you and there is that grass issue.... is that still ongoing??? .... So I "Tesla/SDI/LG" can only offer X per ton (steep discount) for x0000 tons for 5 years + 3 year, no one else will give you more... Take it or leave it
Where as with EcoPro, INR can say you sign at X that is the best, where else you going to get this deal... Just sign
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Ann: ioneer Announces Lithium Off Take Agreement with EcoPro, page-22
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