Ann: PLL: NAL Receives Remaining Permit to Restart Mining Op, page-52

The reason there is a floor/ceiling price for the delivery of Spod to PLL will be to capture any rising processing and delivery costs between the dates of the execution of the agreement and delivery date. Like a rise a rise and fall clause in any contract to supply.

My feeling is that we will at the very least recover the costs with the agreed value and possibly have a small royalty like a 5% or something.

But i certainly do not think we will lose money on the agreement. (SYA/SYQ)

I certainly dont think that PLL would also have any benefit in underpaying their own subsidiary. (SYQ)

Just my amatuer opinion.