Ann: Restructure of Lithium Offtake Agreements, page-41

Lower. State government royalty of 5% isn't factored in there.

The freezing of the 15% repayments means that they can drop pricing to $750 from $880 without noticing any difference. Above $750 and things will look better for AMAL, below $750 and it starts to get dicey.

Still digesting the announcement. Being free of exclusivity to Burwill could be valuable, but if it can't be translated into sales at $750 or more in 2019, then this year is going to be very tight.