"Sayona Quebec Pry Ltd" (Sayona and Piedmont) is 75% Sayona and 25% Piedmont.
The JV splits the revenue 75% Sayona and 25% Piedmont. The JV also splits the costs 75% Sayona and 25% Piedmont.
Unfortunately the JV sells up to 113,000 tonnes ( or 50% of the output for that year) of spodumene per annum (with any shortfall being carried over to the following year) to one customer at a maximum price of $900US.
This one customer is Piedmont.
The remaining spodumene is sold to "other" customers at market prices.
When "Sayona Quebec Pty Ltd" opens the carbonate plant, the company will then send the 226,000 (approximately) of spodumene to the carbonate plant in lieu of Piedmont and "others" as noted above.
The revenue that is derived from the carbonate plant processing the 226,000 (nameplate output) of spodumene will be split 75% Sayona and 25% Piedmont. The operating costs are also split 75% Sayona and 25% Piedmont.
Clearly "Sayona Mining" will receive the maximum revenue WHEN "Sayona Quebec Pty Ltd" opens the carbonate plant.
"Sayona Quebec Pry Ltd" (Sayona and Piedmont) is 75% Sayona and...
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