Remember though, we do not know what our contract pricing/formula will be, and how that may relate to the spot price.
However, there is a chance (arguably likely) that spot prices will continue to rise further as the supply shortfall grows, and therefore even a "discounted" contract price in the next year or two may be in the circa USD$25-30k/t range...
We just don't know yet, but in general, I agree with your point that there is a lot of revenue on the horizon, and as we progress further, the sp will (should!) reflect that more clearly!!
Big year/s ahead!!!
GLTALTH
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