Ann: Binding Heads of Agreement - Cobalt Production Facility JV, page-155

Re-reading the binding agreements announcement just clarify that WFE retains 100% of full sales.
Winmar will also have the sale and marketing rights to "100% of any cobalt and copper concentrate production" from the Luapula Processing facility.
So despite the 50% JV in the plant, they retain full right to 100% of sales revenue. So in above scenario double the Revenue as I applied a 50% discount. 100% of operating costs are borne by WFE as well.