The offtake agreement with PLL didnt specify that the Spod Concentrate had to meet a 6% requirement. It just said 50% of spod concentrate or greater. So pending we only achieve 5 or 5.5 they get half of that. PLL also cannot dictate under the agreement that they get the best graded stuff as its not stipulated. End of the day people keep seeing PLL and SYA in competition when they have a JV together its actually the complete opposite. They are a team, dunno how many times we will have to point this out but will continue to do so until people get it (not saying you dont get it). But we continue to see PLL vs SYA forum posts.
As for not having much left, the spod concentrate produced during ramp up to production (due to half financial year) is due to be split 50/50 with PLL and other offtakers per previous annoucnements "pro rata basis" as such SYA have no requirement to give all of the first 113,000 tons to PLL during ramp up.
Lets just assume most of this is sc6 (I know it might only be 1 ton but lets be optimistic people).
1200 @ 50% share $5,000 USD = 3M USD SYA share @75% = 2.25M USD revenue.
THE COW IS READY TO BE MILKED - GRAB YOUR BUCKETS FOLKS!
Great job SYA management and team your holders are proud that you are making waves!
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