Why do we need an off take
Most OTA 's now are benchmarked to market prices so nothing is locked in other the the length of the contract, like our Spot sales it continuously changes , with the funding requirements coming up, which is not only a Carbonate plant but a concentrator at Moblan, an OTA will eventually be a requirement for funding especially for borrowing but quite likely for Govt grants as well.
Having said that there is no urgency or possibly no requirement for an OTA for our unallocated concentrate at NAL but its very unlikely they will commit to a Carbonate refinery without an offtake for most if not all of Carbonate in place IMO and that may well include our unallocated concentrate as part of a package. In the end the Spot price is really just the market price on the day for immediate delivery so will vary a lot. OTA's tend to smooth prices out but still relate to market prices.
We were fortunate to be able to self fund a mine and a concentrator ( the price being dilution) but now as we head towards serious spending other forms of finance and help will be required, cash flow alone won't be enough...
Cheers Whisky
Why do we need an off takeMost OTA 's now are benchmarked to...
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