Please read my post properly.
I have not seen any guidance for NMT spodumene pricing for 2019 and your link doesnt provide it.
AFAIK Royalties are paid 30 days after end of quarter.
I also have no answer as to how a $200m debt like that could be serviced at current prices.
Thanks for clarifying.
If you could also clarify what do you think are good costs of production during ramp up, we see PLS approx $1000 p/t last Q, A40 maybe similar should find out soon, what do you think AJM will be?
AJM have guided outgoings of $8.75m and they sold approx 20kt of spodumene, that equates to approx $440 p/t all in costs of production (excluding loan repayments) during ramp up.
Incredible how well that company is ramping up!!!!
Cant wait to see the real numbers and congratulate all AJM holders
However when you include loan repayments of $6m per quarter brings costs up to $740 p/t.