@Jack Argentum It's not an expected price, the 2016 off-take was presold for $27,000,000, divide that by 45,000 tonnes and you get $600 US/ tonne and as I have posted previously, $13.5m has been paid upfront, this shipment of 8,500 tonnes (worth $5.1M) has been 50% paid for therefore the final payment of $2.55 M will be due when the ship is loaded. There is still a lot of processing and trucking etc. to get us the remaining $8.4m pay cheque, but the icing on the cake is the 2017 off-take deal sold at $905 / tonne, x 120,000 tonnes, refer announcement as this varies according to quality.
GXY Price at posting:
52.5¢ Sentiment: Buy Disclosure: Held
