'The Company has advanced negotiations underway with a second substantial offtake partner.'
'These principal offtake and funding agreements combine project financing in parallel with offtake commitments and pricing structures thereby de-risking the project economics.'
Pricing
The product sales prices used in the Study comprised three pricing models which have been derived as follows:• Pricing for volumes committed under the Stellantis Agreement use the pricing formulas that form part of those contracts. Volumes committed under the contract comprise approximately 15% of train 1 output for the term of the contract.
• The Company has advanced negotiations underway with a second substantial offtake partner. Pricing for forecast volumes are aligned with the current stage of negotiations. Volumes expected to be committed under this agreement comprise up to 50% of train 1 output.
• The balance of the volumes are assumed to be sold into the spot market and the Study uses forecast pricing from the Project Blue market report.
• All volumes produced beyond the terms of the two offtake agreements are assumed to be placed in the spot market using the Project Blue forecasts.
E25 Price at posting:
78.0¢ Sentiment: Buy Disclosure: Held
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