General Discussion Topics, page-80342

What are you not understanding here? You seem confused.

What possible benefit is there to Piedmont (and by extension SYAQ) to have the spod delivered to a non existent plant in North Carolina? Why would the joint venture now ship 113,000 tonnes of spod to that location at cost to themselves only for Piedmont to then need to ship it/deliver it again to whoever they actually sell it to?

The agreement covers delivery to Piedmont and at the time originally they planned for it to feed to their hydroxide plant which as we now are aware is years from existence.

So, SYAQ now have bulk rail infrastructure from NAL to port (Trois Rivieres), why would Piedmont not just use that infrastructure to ship directly from NAL to their customer? Do you understand? Otherwise SYAQ/Piedmont would be double handling their product which would erode their profit for absolutely no reason.

On that basis, my point is also that it would also potentially make commercial sense if the remaining spod after the 113ktpa actually go to the same customer (Piedmont taking their profit from the sale over $900/t obviously). In terms of economy of scale etc and ease of an OTA etc this could be highly beneficial. They are partners and I think are now working more closely than many realise. Brett was quite nonchalant around who gets what first etc and I still believe that spod will be going to Ohio or staying in Quebec personally.

Piedmont's initial focus now is on the Tennessee hydroxide plant anyway, not North Carolina.

Does that help explain my original point for you?