Ann: MYL Investor Webinar, page-49

"Yes, I agree "5 year rate is at fixed payability of prices obtained'. What I was implying is that any financial benefit from Avebury becoming greener and hence the product being more attractive to buyers, will go to Hartree, not MYL, as we are locked in to the terms of the existing Offtake which will last for 5 years."

Can you see the paradox in this...? 'of prices obtained', implies any win would be shared on the existing terms. The terms themselves would be up for negotiation in 5 years. eg concentrate percentage, payability rates, penalty rates etc.