These contracts have already been mentioned in the AGM and are nothing new- state of play now xinfa 2.3 mt this year . 1.0 mt up to sep next year .then 2.0 mt from oct next year for 3 years ( total of 6 mt ) then a further loi of . 1.0 mt per year for the next 3 years (unnamed customer ) so we have 3.3 mt this year . 4.0mt next year . 3 mt 2023 . 2 mt 2024 these figures are dependent on having the ship loader by October next year now it’s up to the existing lender and the company to work out if it’s feasible and if the interest rate is acceptable is the new contract with Xinfa for our low silica ore? Is the loi with the unnamed customer for the higher silica grade ? Next years 1.0 mt is for a fixed price is that a good deal? Or is it enough to just keep us in the game? I think we need additional customers I wonder how much input the two proposed directors have in these negotiations
MMI Price at posting:
2.8¢ Sentiment: None Disclosure: Held
