A couple of clarifications as I see it from reading the posts.
One- We do not know the price of the shipment that left on the Eckert Oldendorff. Subject of an off take agreement with Sinomine and not currently available.
Two
- We also made a Spot sale. The price of this has been stated at a 6% equivalent of USD 802.
- All recent statements have referred to a grade of 5.2%.
- Research on the web indicates that price for 5.2% spod is approximately 13% less than 6% spod.
- 13% of USD 802 is USD 104 - so roughly rounded price achieved could be USD 700.
- USD 700 today is roughly AUD 1010.
- Yet to ship.
AUD 10 mill is not too shabby for a first spot sale with first production only two months back. From material
@anatol would say is "old DSO ore".
The >28,000 t in the first two months of production appears not shabby either. The shorters were hoping we would have all sorts of problems.
I would guess the Sinomine off take quantity was a conservative estimate and that things went well allowing this early spot sale.
From the release
"In addition to the spot and ramp up tonnes sales, the Company will progressively commence fulfilling its strategic offtake agreements with LGES, Tesla and Ford."
As usual brilliant work by the team. Effectively being paid quite well to get the bugs out of the system.
(20min delay)