$2 Club, page-136

Offtake agreements have a variable (floating) selling price mechanism that is ultimately tied to fluctuating Ni pricing.

We're not far away from living the simple fact that keeping your ore in-ground when prices were low and exploiting them when prices are high/higher is a very worthwhile strategy -- not that we had any real choice in the matter. For all the pain and anguish (and dilution) associated with being on C&M for all these years there's likely to be a very large payoff in not having sold our Ni while prices were low. In many respects the forces that acted to prevent earlier restarts are shaping up to have acted (somewhat perversely, but in a good way) to our LT benefit -- especially the circumstances surrounding the brutal Nuclear Winter of 2014-15, which presented the opportunity to purchase the LJ and BS projects.