Only thing relevant about the next shipment is it completes 2016 prepaid commitments, then we get to make hay at record prices. And that baler appears to be working beautifully.
GXY announced 3 days ago:
Mt Cattlin achieves nameplate throughput
March average utilization rate 79%
Further improvements to come in 2017 will increase production
"All future volumes shipped will (then) be on 2017 pricing terms, which is US$830 for 5.5% grade lithium concentrate product, rising to US$905 for 6.00%"
From US$600/t that's a MINIMUM 38% price improvement on 2016 commitments, though indications are that 6% grade will be easily achieved for a 50% price improvement. Nice bank.
