Does it matter if they don't get the cash till Feb? It's earning interest and i'm not sure that they need a lazy $400m in the short term anyway.
We don't know if a deal will be done or what price we might achieve. However, recent transactions in lithium are encouraging and the sale of the northern tenements for AUD$400m seemed exceptionally good. Based on these recent deals it looks very encouraging and if not they have the cash to go it alone anyway.
Be interesting to see Mt Cattlin production because last quarter was terrible. They got permits for the new pit so grade should be higher. However, the yield optimisation circuit was started mid-nov so that might have impacted things. Mind you even if it does, the increase in recoveries to 70-75% should kick in next quarter. March production should realistically be a belter.
How much product did they ship is it 45,000t? They also sent 3,000t to POSCO in early Oct did you count that?
