fair enough. although, the offtake ann's say inline with current market prices which in april/may was $175USD.
the balance paid will be FOB, so that would be at current XE which would be $270AUD. So at the highend maybe 2.7M AUD for the quarter.
However, the recent sell off may be indicative of something going wrong (aside from the broader market sell down) as both offtakes with Balance and Ranvens Down were for deliver "in the first half" of september. given that we have 4 days left of the month would indicate that shipments have potentially been missed. Not a show stopper as this is mining and very very common.
We will see.
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