At the moment all the offtakes are based on a market linked pricing mechanism that no one can quantify even of we believe it to be brilliant at 8% or 9% of the refined hydroxide price.
Personally I would like to see most of the extra 90,000 tonnes sold at fixed price contracts for 2 years.
Even at a 20% discount to current spot price that's roughly $6000 a tonne and over $500 million pa of no risk revenue that the brokers CANNOT ignore.
Ann: Kathleen Valley Project Update, page-261
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