Seasonal or everyone running down stocks same time not good for any spot sales maybe. For STA investors, short term noise of spot prices isn't an issue. The value of Coburn/STA will be determined by the average pricing over annual cycles looking forward. TZMI had chloride ilm at US$300/t longterm (2022 Real) inducement pricing in Q2 2022 according to Astron DFS, though I suspect with China disappointing that may come in a little, maybe not. Long term is long term right.
Ann: Seventh Shipment of HMC Completed at Coburn Project, page-101
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