Neometals banks cash from 2nd Lithium shipment, page-5

As per the ann on 16 Feb 2017, 6% lithium pricing for shipping before 30 June 2017 is $750 per tonne. As per this ann, I am not sure what the proportion of 4% and 6%. If we assume $650 and $700 as average pricing per tonne, then the partnership will collect between $10,830,300 (being 16662 x $650) and $11,663,400 (being 16662 x $700).

So Neo's part would be between $1,494,581 and $1,609,549. (13.8% of the above numbers).

The last 2 shipments are only about 1 month apart and the next one is early April. I think it's safe to assume they will try to ship once every month.

So using the current pricing of $750 (this would highly likely to increase after 30 June), they will earn between $18m and $19.2m per annum on the current pricing. IMO, this amount will get to the bottom line straight away, as it's all profit.