US$1250 for 5.5% Spodumene is an amazing price (link below)
Admittedly a spot price, not a contract price but a sign of where lithium pricing is heading.
If we were already demerged, I'm sure SpinCo would get a bounce, unfortunately not while attached to mothership.
Remember our DFS is based on a sales price of US$666/t for 6% spod.
The extra price on top of $666 is all cream except for some Royalty/Tax
Our AISC (cost) was $313/t, so $666 is a healthy margin - 2 fold, $1250 is 4 fold
So not double the profit, but close enough to 4 fold!!!
http://www.pilbaraminerals.com.au/s...2b9-72f9c2ca24d6/ResultsofInauguralBMXAuction