I could be wrong here but I thought the off-take agreements were structured to receive the WO3 at spot price, at time of shipping, with downside protection.
From the G6M website:
Tungsten concentrates are typically composed of scheelite and/or wolframite and contain 65-70% tungsten trioxide (WO3) and vendors of concentrate tend to receive c. 70%-80% of the value of the tungsten in the concentrate based on the prevailing APT price.
I am interested about how BNW got to $1.92 as well though?
I could be wrong here but I thought the off-take agreements were...
Add G6M (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.10M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| G6M (ASX) Chart |
Day chart unavailable