You are wrong Binwood. I think you are trying to win the debate...

You are wrong Binwood. I think you are trying to win the debate and have lost focus on the details. Good way to lose money.

Here it is in black and white - PLS offtake summary from the 2nd May.
"Both off-take agreements include downside price protections to provide Pilbara with confidence that it can operate profitably above its expected operating cost base, as well as an attractive off-take pricing formula based on market reference data for battery grade lithium carbonate pricing comprising both Chinese domestic and import price outcomes. This is designed to ensure that Pilbara benefits from both the current and expected future demand for lithium carbonate in China."

Somebody may fund without a reasonable arrangement for setting prices, but the project either would need to stack up on the minimum price level, and/or the funding will be in place with a booby trap, and source of legal conflict.