Yeah, i identified the possible downside at the bottom of the post. I see it mate.
The auction lacks long term protection in revenue, particularly in a downturn.
I guess its a calculated risk.
It would have to be a shorter term solution.
I am quite sure the lithium price will be buoyant until at least 2025, if not 2027 and beyond.
So, as Yikka stated, scheduling the auctions for 2023 and 2024 would be a pretty safe bet, price wise.
So, The 2 years before carbonate production 2023/4 could be a perfect fit.
It would offset the Piedmont lowball offtake and could help fully fund the carbonate plant. An extra 200-300 million in the coffers, over the 2 years..
At that point, we say goodbye to the Piedmont offtake and use ALL OUR ORE/sc6, ie NAL, Authier and Tansim, to refine through the carbonate plant.
What do you reckon Rup?
Sayona BMX style Lithium Auction, page-14
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SYA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.6¢ |
Change
-0.002(5.26%) |
Mkt cap ! $370.5M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.7¢ | 3.5¢ | $2.158M | 59.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2625000 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 5881377 | 21 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SYA (ASX) Chart |