The statement “all products come to PLL $900” is wrong, but the fact is that the PLL offtake entitles it to 113K mtpa or 50% of NAL production, whichever the greater, at $500-900/t. PLL then on-sell this at a formula based on market prices. So SYA wear all the production risk, and PLL get all the price upside.
And despite what SYA have whacked in a few presentations, the terms of the deal are for Life of Mine, it does not magically cease in 2025. PLL have been clear on this.
Ann: NAL Restart on Track & on Budget, page-32
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Last
3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $360.2M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.7¢ | 3.4¢ | $8.754M | 249.3M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000000 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 4706070 | 7 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SYA (ASX) Chart |