The more interesting piece of news is that POSCO will build the plant with production starting 2021. Capex requirements now down significantly. further de-resking SDV.
I imagine this would be announced as a strategic partner to share the value in the midstream with POSCO as GXY will not want to be held at the mercy of POSCO for tolling negotiations.
With the $280M banked (US dollars mind you) and line of sight to production, now only thing left to announce is the "strategic partnership" on Wednesday, tolling terms and let the hydroxide premiums be taken into account with the re-rates as it is the lithium carbonate that has been taking a hammering. battery grade hydroxide remains relatively resilient.
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