Australia's largest stock trading and investment forum Australia's #1 stock forum

TMT

Click for more information

0.00%

26.0¢ technology metals australia limited

Well argued. Thanks

First 333 Last

Share
Profile

Follow
tonethegroan

1,438 Posts.

172

30/08/23

17:14

Post #: 69643367
Share

Originally posted by Therookie88: ↑

so what we gonna produce 13,000 tonnes of V205 and sell it on the spot market? I don't think so. binding offtake agreements will have floor and ceiling prices as protection for both us and the offtakers from extreme pricing in either direction. securing long term supply is a win win for both parties it's not only one sided where the mine takes all the risk and offtakers get to pay bargain rates if the price crashes

wetting the bed over daily V price when we are 2 years from production and probably 6 months from finance anyways is odd. you could almost argue a similar thing if V price was $30lb right now thinking it would crash by the time we come online.

at the end of the day that's why we get Independant technical experts to look over the project before it goes to financiers. they aren't looking at the daily V price on Asian metals. they would be looking at the cost curve of the entire industry and make a judgment call on the probability of prices remaining down here for any amount of time.

if TMT is well and truly in the Lowest cost quartile and if it has reliable offtake partners and contracts it will get funding regardless of Todays red day on asian metal.

Expand

Well argued. Thanks

TMT Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

SRX

Worker dies at Sierra Rutile mine

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

ASX Market Close: Index gains 1% after interest rates pause | June 18, 2024

There are more pages in this discussion • 142 more messages in this thread...

First 333 Last

Add TMT (ASX) to my watchlist

SPONSORED BY