Yes exactly, "Syrah’s future Balama production volume and sales plan will be dependent on adequate fines demand at improved prices" hence the question that occurred on the plant being placed on care and maintenance and the comment that bulk breakout shipments did not happen due to the price offered.
As for the tier one offtake agreement are few are excited about it is fairly obvious that this is a long term agreement which depends on the expansion to 45ktpa occurring which one must ask how long before it occurrs and at what cost?
There is more downside than upside risk here at the moment due to the uncertainty and the commentary has just kicked the can further down the road as has occurred a number of times before.
SYR Price at posting:
26.8¢ Sentiment: Hold Disclosure: Held
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