That same company who has attempted to hide / gloss over the offtake agreement for the past 6 months, is also a company that released a feasibility study this year that modelled "Spot Rates" for SC6 over the Life of Mine, when in fact they are locked into supplying Piedmont at $900/t Maximum for 113ktpa over the life of the project.
Now that company has finally admitted the offtake exists, they might need to go back and revisit that Feasibility Study by applying realistic pricing assumptions in its model so shareholders are not in for a shock next year when revenues (or lack thereof) start rolling in !
Its pretty bad look for a company when they essentially lie in a feasibility study to make the project look more economical for them, when reality is very different !
PLL General Discussion, page-29
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