I'm not sure you see where I am coming from.
A condition of winning the bid for NAL meant SYQ (SYA/PLL) had to move forward with downstream processing.
A condition of the offtake agreement between SYQ and PLL stated that when a refinery is up and going, all spod would be delivered to the refinery (any excess to then go to PLL as per offtake conditions).
So based on the above two conditions, as Whisky noted above, PLL will only get any surplus spod the refinery doesn't want (which will most probably be zero).
So they expect to see the deal through, but it won't be at $900/t forever as the pre-existing conditions will stop that.
And because it only a matter of a few years, not decades, inflation was probably never even thought of as a concern.
That's my theory anyway.
I'm not sure you see where I am coming from.A condition of...
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