Highly unlikely to have such a drastic reduction in 2018 or even 2019.
A junior player which announced their off take pricing for 2018 is proof of this. Off takes secured from early 2018, effective all the way to the end of 2019 at a price of ~US $900/T.
M92
GXY Price at posting:
46.0¢ Sentiment: None Disclosure: Held