There is no rush, we have money in the back and a modest income stream starting in several weeks time.
According to Rodney Hooper in his latest webcast, Chinese processors have run down industry and some are already in deficit. He is expecting a 100% increase in BESS for this year. Tesla and BYD are turning out record numbers of vehicles.
What is more, he expects demand to increase as there are not enough new miners coming into production in time to meet the growing demand.
Anything that NAL produces in excess of the PLL allocation can be sold, tolled or stockpiled.
I am sure SYQ will have noted what PLS did earlier this year before demand tightened.
“Earlier this week, Pilbara Minerals announced the sale of 15,000 tonnes of spodumene for delivery in the March quarter which uses a new commercial model based on lithium hydroxide prices. Under the agreement, the company will receive the value of the lithium hydroxide price less a prearranged tolling fee and other costs.As Pilbara Minerals notes, the agreement "has the potential to be highly favourable to the company and opens the door for future tolling arrangements."
"This marks the first tolling arrangement for PLS and shows another avenue to market for PLS to extract value from its product," said Canaccord Genuity in a note on Monday.”
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