ESR estrella resources limited

Ann: Spargoville 5A Bulk Sample and DFS Update, page-9

  1. 1,068 Posts.
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    The final payment is what will be important for future direction and progress.
    "A 50% provisional payment for 1,994 WMT of material delivered in January has been received from
    Glencore
    . Final payment to be calculated based upon March’s LME nickel weighted average price (WAP).
    A similar arrangement will occur for the balance of 418 WMT delivered in February where pricing will be
    the April LME nickel WAP
    ".
    There are a lot of variables and calculations to be performed to arrive at the final payment. And time.
    The March WAP won't be available until April, and the April WAP in May!
    Patience everyone.
 
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