ASX/Media Announcement 2 May 2017 PILBARA SIGNS BINDING LONG...

ASX/Media Announcement 2 May 2017
PILBARA SIGNS BINDING LONG TERM OFF-TAKE AND FINANCING SUPPORT AGREEMENT WITH GANFENG LITHIUM
Off-take agreement encompasses balance of Stage 1 production (160,000tpa SC6.0 product) plus participation in up to 50% of off-take and longer-term funding support for Stage 2

An offtake agreement is an agreement between a producer of a resource and a buyer of a resource to purchase or sell portions of the producer's future production.

Originally, DSO described ore that was simply mined, crushed, and then screened into either lump or fines, which was then immediately sold as such.

Founded in 2000, Ganfeng Lithium is listed on the Shenzhen Stock Exchange (SHE: 002460), and has a market capitalisation of approximately US$4.6 billion. It is one of China’s largest integrated lithium producers, with a total capacity of around 30,000tpa of LCE (lithium carbon equivalent), and a product suite including lithium metal, lithium hydroxide, lithium carbonate, lithium fluoride, and lithium chloride.

China is already set up for this.  Just like with Iron Ore.  At this stage LCE is a dream but one never knows.   
DSO is the best outcome as the outlay is minimal.  Dig it up, crush it and ship it.  Best outcome at this stage for CXO but lets not forget that we have to have the stuff in the ground first.   PLS is just under a year away from where GXY is, that's including commissioning and getting plant up to name plate. CXO is 2 years away from PLS so let's not get too  excited as we are still exploring and will be exploring for the rest of this year.  This is all in my opinion at this stage unless new news is at hand.

Also most DSOs  are subject to mining proposal approval.  There is still heaps to do for CXO.

Please add  more info if I missed something or am not up to date as this is rushed.

AIMO & DYOR