From the qtrly... It's $2m US.. $2.5m was an old figure used in a near term development strategy presso.
The price will be what ever the price is, though the market is guessing its on or between 3.3 and 3.6 so you could be right.. 
And it is a plain as day that the market has been drowning the cat since the Qtrly in expectation of the event so let's just do it and then get back to bidnez...
Cause with a clear runway, cash at bank to drill El Pilar Oxide cap and finalise the La Dem SS which then leads into new Antimony focused DFS there is plenty of meat on them bones to be had over the next 4 weeks. 2 a year till now and with any luck this (CR) is the last as the plan laid out comes together? And on that note:
December Qtr Deliverables (What can we look forward to?)
2 holes, 005 & 006 pending along with a series of gold assays from the previous holes drilled inc hole 004A from 25m onwards.
As well as;
Details on the full list for La Demajaguar below. (Which is key to the funding as explained before)
And what could finalisation of an offtake agreement bring.. Well if you believe the company & understand the hype then it brings the strategic development "Money Honey".. That's what? No more 6m CR's & the SP can have its head again and get off the bit.
Perpetua went from $4us to $14.70 off the back of their ann (367% lift) & whilst the SP has since fallen back again in alignment with the general market some might argue, the MC is still $196m CAD.. It had been as high as $1'245'000'000 at it's peak & even at the yearly low it was stil $143m CAD... Antilles is what? $15m.... Laughable IMO
China has the majority of the antimony locked up.. With perceived (Red) supply and demand issues clearly evident in the chain, hence the elevation to critical status..
Also at some point the light went on and the US realised they actually relied pretty heavily (near completely in fact) on both Russia & China to fund their war machine, if you can believe that lunacy, before considering the approach taken by their own foreign policy dept of late.
Poster Child it says... Another great bargaining chip.
Whilst current world reserves as published means La Demajaguar with their total 50kt combined is on par at equal 10th place with Tajikistan as far as total world reserve ranking goes & 4th were they to produce their own product over a similar 7 year LOM time frame.
They are globally significant numbers and that could well mean the joint venture between
SPMP - Tri-Star Antimony JV (which is 2nd largest roaster outside of China) might just be one of the two parties reported to be interested and indeed looking to lock up supply for a number of years and that may be worth a quid or two to them?
If not then the Chinese will undoubtedly want a piece to maintain their monopoly. The yanks have embargoed both China & Cuba so F knows how the work their way around that but I dare say playing the national security card usually means adoption of the lesser evil stance.. Who knows.
They created their own criticality list & hence the value platform on which the Sb now gets sold into....
As for the process in Oman?
SPMP remains focused on ramping up production to reach its targets. Accordingly, it has produced antimony metal at a grade of
99.54%, which is the minimum grade required by some companies in the acid battery market. It is now concentrating on reducing further the impurity levels in its output with the near-term target being
99.65%, which is the industry standard. Additionally, SPMP is producing gold dore at over 5% concentration and in sufficient quantities for sale. SPMP expects the concentration to increase further as production ramps up over the next few months.Tri-Star has a 40% shareholding in SPMP with the other joint venture partners being The Oman Investment Fund (40% equity holder) and DNR Industries Limited, part of Dutco Group in Dubai (20% equity holder).
Also with reports of a number of China's smelters not meeting code and therefore currently laying idle the fact the Omani plant is operating to strict European standards is an added bonus & derisks that element of concern.
Whereby SPMP State:
The plant has been developed with the latest technologies and is fully compliant with strict global environmental regulations including EU guidelines, US Environmental Protection Agency regulations and Oman’s own Ministry of Environment and Climate Affairs’ (MECA) rules.”The strategic location of SPMP within the Sohar Free Zone brings key advantagesfor the business, including access to world trade routes through the port facility, existing modern infrastructure, and the region’s diverse human capital
Which makes the timed pivot by the company (under Brian) to prioritise Antimony sale off the back of the suggestion from the Chief Tech officer (who does have a lot of street cred as mentioned in various podcasts and webinars) a master stroke and one which has the potential to deliver on the agreed strategy as it's laid out.
Definitely says "received interest from two players with respect to purchasing & with that comes funding as we know and that can often mean a bidding war, all things being equal and demand staying at the same levels.
At which point I'd be keen to see that 50% target price for antimony revisited perhaps off the back of the SGS results.
,
Antimony: One of the most important critical minerals you’ve never heard of - *
Anyway, enough from me.. Tuesday or maybe even tomorrow if Salubrious is incorrect in his assumption I guess we'll find out?
Till then GLTAH & Even Those Who Don't (ETWD) H8tey
(20min delay)