I suppose the next quarterly report will be telling in just how good PLS has been at negotiating a better price.
I do note they use a pricing model based of a calculation of the combined carbonate and hydroxide price. This is good as they are definitely steaming ahead moreso than the spodumene spot price.
My view is we need to see some real paper profits before we can judge management one way or the other.
Ann: Yibin Tianyi Offtake and Prepayment, page-57
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$2.89 |
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