Eloquent summation Scarpa.
I recall, and it was mentioned in a post over the weekend, our spodumene price received will be based on a formula derived from a LIOH price and not a spodumene price from China or elsewhere. We do not know the formula and we do not know which reference price for LIOH will be used.
I for one am prepared to back management, as I have done for many years, and I assume when they say have learned from the mistakes of earlier producers they are not only talking about the mining side of things. My take is that they have also negotiated a better price for our product than any spodumene price prevailing at the time of sale. How much better will only be revealed over time but I feel it will be beneficial to our hip pocket…
Ann: S&P DJI Announces June 2024 Quarterly Rebalance, page-100
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