Ann: Presentation - Strategic Partnership and Long Term Funding, page-221

Sorry if this has already been highlighted (there are so many posts that I can hardly keep up)....

In the presentation slide 10 about the offtakes there is comment as follows....

"The Company is in advanced discussions with a third party in respect of a short-term offtake agreement to sell up to 100,000 DMT of spodumene concentrate covering the ramp up period, with pricing linked to market prices."

As @Drumo said about the Tesla offtake being kind of adjusted to bring forward their delivery of product by 1 year, those words above show full confidence in the ramp up process to deliver more product than might have been expected. It is clearly important to operate the plant at its design capacity as soon as possible given that higher sales will deliver cash flow and reduce the potential for losses during that period. At design capacity we will be profitable at current prices imo. Looks like they are very confident of their ability to reach design capacity quickly and I imagine that given it is quality uncomitted product available at short notice, it may deliver a premium price as per recent auction price disclosures.

regards
DF