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Whisky49

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20/07/23

10:50

Post #: 68883412
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Originally posted by GT3loui: ↑

I would be expecting something similar to PLS's last auction/sale...

The shipment was purchased pre auction and did not make it to the BMX platform.

I would say the same is happening with us, as they have clearly stated they have been marketing their product and speaking to numerous parties and fielding offers.

THIS IS IRA COMPLIANT PRODUCT.

PLS's 15000T, sold to a hydroxide refiner under a tolling arrangement, received close to what they had achieved previously, which was over US$8000

Hydroxide is currently US$39000

SYAQ supply the sc5.5, and pay for the conversion to hydroxide, say US$3000

SYAQ total cost production 700 + tolling/refining3000+ 300/t freight= US$4000

Then use a formula to calculate what the refiner will receive and what SYAQ will receive.

PLS was earning around US$8000/t, when the sc6 price was around 5500-6000 for delivery in March.

This was only 4-5 months ago.

That's what happened at PLS, lets see how smart our guys are with this shipment...

We are soooooo close...

Good luck everyone....

ASX / MEDIA ANNOUNCEMENT Monday, 20 February 2023
Spot sale linked to hydroxide chemical pricing

Pilbara Minerals Limited (Pilbara Minerals or the Company – ASX: PLS) is pleased to advise
that it has entered into a sales arrangement for a 15,000 tonne cargo of spodumene
concentrate for delivery in the March Quarter.

This is the first sale of its kind for the Company utilising a new commercial model based on lithium hydroxide tolling.

The Company selected this model for this cargo having explored various other sales pathways
including short-dated off-take and spot sales through the BMX platform.

The sale, which was made to a chemical converter, was structured to be based on a tolling
arrangement under which Pilbara Minerals will receive the value of lithium hydroxide price
for the product sold less an agreed amount for conversion and other costs.

This is the first time Pilbara Minerals has utilised such a pricing methodology, which has the potential to
be highly favourable to the Company and opens the door for future tolling arrangements.

Under the terms of the agreement, based on today’s pricing for lithium hydroxide, pricing
for the cargo would be aligned with previous spot sales including those achieved on the
BMX platform. ( app US$8000)

The actual price received for this cargo will however be calculated using
future lithium hydroxide pricing at the time of conversion to lithium hydroxide.

Pilbara Minerals had intended to sell a cargo of spodumene concentrate via a BMX auction.
However, it opted not to proceed with the auction after receiving the strong offer from the
chemical converter.

Expand

I would be expecting something similar to PLS's last auction/sale...

Yes PLS changed their original Auction approach to excess capacity to what they have now, it will be very interesting to see what transpires..not long to find out, going by the current PLS system we may not get a price just an indication , with the auction system you get a price....

Cheers Whisky

Last edited by Whisky49: 20/07/23

SYA Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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General Discussion Topics, page-108116

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General Discussion Topics, page-108116

Top Stories

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