Ann: Record Monthly Production at the Bald Hill Mine, page-20

I am not even that keen on the offtake model anymore, Offtakes overrated having a locked in offtake with a customer who doesn't want shipping didn't give us any security.

For the privilege of supposedly having security you do give up any negotiating leverage you have with no ability to test the market.

We have our customer ramping up too slow, AJM customer going bust, there is talk GXY customers don't want their product anymore, there is risk in locking your boat to someone.

I would only want to see us sign a deal with a big player who doesn't rely on carbonate pricing to pay their bills, unless BYD LG chem POSCO BMW etc are looking to get into the refining game, then sell it to whoever is buying method works for me, if we can't sell at some point, then our offtakes would not take shipments and want to lower pricing anyway.