the structure, economic ownership, capex share of any future chemical plans are yet to be decided. Both parties have messaged to the market that the offtake is life of mine and both parties must agree to any chemical production for change in priority of NAL spodumene.
Maybe PLL sell their offtake to a JV, maybe the JV give PLL more economic share to compensate their existing offtake which looks like it could yield
113k times ($5,000-$900) per tonne = $463 million in earnings 2024, $230 million 2023. (assume spod price of $5,000)
That is a jaw dropping $693 million potential by the end of 2024!!
The idea this offtake is cancelled in 2025 is nonsense. A deal will be worked out because as a public company whether it be PLL or Sayona they have a duty to maximise their shareholders wealth not destroy it!
Brett said in the AGM we have a great incentive to get to 226k a year production (due to this offtake) I hope he gets there. Everyone win's.
If the shoe was on the other foot Sayona loyalist would be wanting compensation to give up the offtake and I would agree with them.
PLL General Discussion, page-732
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