Continuous disclosure....you know how hard it is and what it takes to get finalised offtakes/debt /loans/finance ?
I’m sure they only know how close they are on that (finance) , and they won’t be too shy to share with government officials to get SEZ …but not with the rest of the market because obviously hasn’t finalised yet …
I will give you a little example why there are delays , I mentioned this in previous posts but not with details ...
In the last trip in China and talks with offtakers , Hugh was very upbeat with our very low iron levels our petalite product has ...
I even told you guys back then to pay attention in that ... and they mentioned it in the presentation that followed …
I’m going to tell you now that our low level iron achieves premium in price and there’s only Psc , Bikita and a small part of Greenbushes that can supply market globally .. Pricing is not public and they can’t disclose this in the dfs ... our 4% petalite will sell for around the same price as Pilbara 6% spodumene.
So now need to follow up with some additional samples for final testing. There is the delay which can’t avoid right now ...
Remember that , they need a low iron product which sells at a premium to spodumene for the battery market. We are 1 of only 3 deposits in the world who can supply this.
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