'The Pre-payment Facility will be repaid through the supply of future copper and zinc concentrate production from the SulphurSprings Project, so that repayment is fully linked to production from Sulphur Springs.
4-year term with repayment scheduled evenly over the term'
That mean's the company will be repaying A$25m Cu-Zn concentrate from year 1 to year 4 to Trafigura in lieu of cash, assuming no deferment of principal or interest, and no early repayment?
And anything concentrate beyond that will be sold to Trafigura? Except for the Zn promised to Toho?
I presume competitive commercial terms would mean spot, or close to spot prices?
Thank you.
Ann: Sulphur Springs Debt Finance and Offtake Agreement, page-13
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