GXY has had offtake agreements in place for over a year but it is unknown what the pricing formula is. All we know is that price would be set/reviewed on a 3 monthly basis.
Usually when offtake agreements are made so far ahead of production the customer is usually offered discount incentives. It looks like we will have to wait for grade, price and costs until a full quarter's production results is reported to the market.
At this stage grade, price and costs are purely speculative.
Cheers Moorookamick
NB: Sentiment Hold.
PS: Mt Catlin's Dec qtr spodumene production was 18600 tons which, if we annualise, would be 74,400 tons which is about half of Mt Catlin's annual target of 137000 tons. Also that 137K target was at 6% Li while current production is 5.5% Li MM
GXY Price at posting:
28.8¢ Sentiment: Hold Disclosure: Not Held
