We're all just speculating of course but you're assuming that we'd only have a single offtake partner for 100% of our output. That isn't necessarily the best outcome and it may help to mitigate our risks by selecting several offtake partners, perhaps one Chinese and one other.
We could sell some DSO on the spot market before our concentrator is built to provide extra liquidity. We could also continue to sell DSO concurrently to our concentrate sales as long as the prevailing market price makes it worthwhile. I don't think Tim has ruled out the possibility of doing this.
We seem to be in the very fortunate position of having a good number of options to choose from and I'm very confident in Tim's ability to negotiate a good deal for us. All we have to do now is sit back and wait for another few months.
ESS Price at posting:
52.5¢ Sentiment: Buy Disclosure: Held
