Thanks Whisky. Correct me if I'm wrong but I feel like "pricing referenced to the market price for spodumene concentrate" allows for just that - market pricing (which could include spot or contract, no?) as a reference point, up to the ceiling. It's quite broad language which I think works in our favour.
Also, nothing prevents the parties from renegotiating terms before execution of an OT. Very few terms sheets are actually legally binding unless the level of certainty is basically unquestionable. And it sounds like there is definitley some uncertainty/undefined terms here. So I think either way, Core is still well placed to land an eventual binding OT on favourable terms in today's market. Not to say that Tesla won't drive a very hard bargain (and present more of an opportunity than just $$, which they're well aware of)...
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