you need to do some reading my friend. firstly our offtake agreement is for spot price. what we dont know are the penalty clauses and bonus grade prices. secondly the futures market is dynamic... itll be a different price tomorrow. i think the 15 month and the 3 month price being about the same tells me that the market is no yet sure where prices will go.
Ann: Drilling Update - Mt Cobalt & Pembroke, page-1396
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