this may already be answered, however it is my understanding that WR1 only have to pay 95% of market value according to Asian Metal Market pricing - this is irrespective of if they manage to sell it at a much higher rate to another party.
So in the event that a buyer values it at an additional 10% - 20% due to demand and limited supply (this is where having a monopoly and being the only mine in the world comes into play) that is just a bonus for WR1 to rake in free cash.
think pilbara minerals lithium auctions
hopefully this is correct, or alternatively someone could provide a different understanding of the deal.
WR1 General Discussion, page-14461
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Last
53.0¢ |
Change
0.020(3.92%) |
Mkt cap ! $114.6M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 53.0¢ | 50.0¢ | $248.8K | 482.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17560 | 52.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.0¢ | 7263 | 1 |
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