General Discussion Topics, page-144523

It would make no sense for SYA to provide 75% of the cost of extra conversion, if a disproportionate amount of the revenue from it was to go to the minority partner.

Exactly, the original agreement was limited to the capacity of the current operation not an expanded operation. Of course an expanded concentrate facility would likely but not necessarily be tied in with a larger refinery.
That alone adds potential changes in how the JV moves forward and whether it eventually becomes a supplier only , a supplier with a small % ownership of a refiner or a supplier and owning a refiinery ( extremely unlikely)..those details will emerge over time but in the meantime not a lot can happen untill we're cashflow positive. That's before we even contemplate Moblan.OTA

There are four things potentially in play.

1: An OTA for unallocated spod untill a refinery is built ( LD didn't mention the subject and they may well stick to the spot market which doesn't tie them down)
2: An OTA / Partnership thats involves currently unallocated spod and also building a refinery at NAL
3: An OTA / partnership for Moblan which could also be tied to NAL ( unlikeky IMO )
4: None of the above and something completely left field

Cheers Whisky