General discussion, page-4879

Strange how these forums occasionally get people to be think in complete opposition to what is considered a rationale thought. In the deal linked they spent $22.2/t whereas Gangfeng were ~$2.39/t for Goula. That is quite literally 9.3x cheaper, not including the economcies of scale that can be added in for Goulamina being a much larger deposit.

So, if "the term cheap is arbitary" then theoretically we would have no issues if Gangfeng secured our offtakes 9.3x cheaper than market price as well. Because it's not cheaper - it's arbitary.

Don't get me wrong, I am heavily invested in this project and beleive it's a ripper. Hindsight is wonderful and so I intend no negative reflection imposed on the management. They got a deal done with a leading producer and there is a quick timeline to us all making $. No one knew just how crazy SC6 pricing would get.

But after looking at a deal where someone paid nearly 10x as much for a worse asset I personally think it makes it look like our 50% was darn cheap. That is not arbitary, it's fact. I think we are worse off as investors not to critically analyse deals being struck elsewhere.