Maybe I am going out on a limb here (although to be fair, I'm feeling pretty confident about my last major guess about the Spod price hitting a yearly high by Chinese New Years), but I think we could see our MOU's go binding before the end of Q1 and maybe even by early March. Our partners would be setting themselves up for paying some serious premiums if they don't lock a price in soon and as a general rule, I've noticed that the spod price on Asian Metals is climbing at about 0.006% per day. Because this is a compounding relationship, I've worked out that it should be about 90 days before we are back at the price we negotiated with Yahua all those years ago, so our DFS would be looking very juicy once its released.
Of course, the issue for our partners is that if such a thing were to happen and they were to wait until then, we would be signing for substantially more than the days spot price given that we would know where the price was going in the coming years. I'm sincerely thinking we might see one of our deals go binding in the next 6-8 weeks.
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