“That would extend to the fact that here we are, we’ve got a contract now where we’ve got full upside, there’s no ceiling, and we protect the downside by having suspension rights, that in the event the price of lithium goes below the cost of production we can suspend without penalty.”
Tony Ottaviano in an interview on January 13th 2022.
You’re right, there’s no floor. However, the main thing is that they won’t sell at spot price but under formulated price. You are wrong when using current SC6 spot prices in your model.
“That would extend to the fact that here we are, we’ve got a...
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