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muppet655

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29/08/19

15:47

Post #: 40223040
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Originally posted by suds100: ↑

Announcement August 1, 2019

Key Terms of BOA – Guangdong Weihua Corporation
 Minimum of 50,000 dmt per annum of SC6 spodumene concentrate.

 First contract period has a confirmed quantity of 50,000 dmt to be delivered to Weihua byFebruary 2020.

 Term of the BOA expires on 31 December 2024.
 Minimum price of US$585 dmt (CIF basis) and maximum price of US$695 dmt (CIF basis) forthe first contract period.
 Minimum price of US$550 dmt (FOB equivalent) and maximum price of US$950 dmt (FOBequivalent) based on Li20 content per dmt on 6% Li20 content for the second and subsequentyears.
 Ability for parties to negotiate potential offtake from proposed Altura Stage 2 development.
 Pricing based on a Li2O content formula incorporating published reference pricing weighted forlithium carbonate.

Do the sums up to February 2020.

Expand

if they honour their high floor price when spod prices crater further in the face of sales at any price from struggling and wound up rivals stockpiles and displaced offtake backlog. Macro economics looking very wobbly too. High risk but possibly high reward too...

AJM Price at posting: 7.4¢ Sentiment: Hold Disclosure: Held
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Last 3.0¢		Change -0.001(3.23%)		Mkt cap ! $9.092M

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AJM, page-131

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AJM, page-131

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