The discussions could go back and forth similar to previously....

The discussions could go back and forth similar to previously. It remains a possibility that what’s described is the initial offtake which was already known and not the next one which has previously been described where the leftover sc goes to pll. How much goes to refining and how much is left may be part of the negotiation, There is still no explanation regarding the drop in the estimated LCE output from 30 to 23 ktpa. I’m keeping an open mind to all possibilities[ and the PFS for the refinery will be interesting. KP wouldn’t disclose details regarding the nature of the sc grade except that they were happy with it.

The projected output in the second half of this year during ramp up is 85-115kt. It seemed odd to me that the upper limit exceeds half of nameplate. Does anyone think that the estimate of nameplate is conservative and that it could be higher or is there an alternative explanation? I guess they covered that possibility in the offtake - the greater of 113kt or 50%.