9th Day Suspended, page-2

Plenty of scope - 55/t will do.

Abx referencing 64-74/t for theirs albeit high grade.

Prices expected to continue to strengthen 2015-16 , it make sense to try and lock in a price now for at least a few years as a hedge.

i honestly don't expect them to have this just yet.

You first need your resource as indicated do you can guarantee supply of eg 800kt pa for 5 years etc and delivery starts in such and such time window.

when you have confidence of a minimum resource you can begin a foot in the door off take. Qnty / grade/ years / price

i would expect that the next step might be a MOU of offtake pending we get all the red tape - licensing etc signed off.

Only then you sign a locked in full offtake agreement.

one step at a time.