1MC 2.94% 3.3¢ morella corporation limited

Morgan Stanley Wrong on Lithium, page-45

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    Not sure though?! But I think the terms of the agreement were based on initial sample grades and thereafter price per ton various depending on grade on shipment. We'd be mad to sell highest grade at low prices for example, but the crux is each shipment is tested. It's not assumed the grade is consistently the same.
 
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