TSXV:AAA.P - Post by User
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JR__Ewingon Nov 19, 2013 4:19pm
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Post# 21920611
Sdomae - Off-takes - Potash
Sdomae - Off-takes - PotashSdomae, I would be very interested that you provide examples of off-takes where there is a discount. KRN and ICP off-takes were done at market prices (See below).
KRN off-take
GSFC has already committed $15mm to future financings. GSDC has also agreed to an offtake for 350,000 t/yr from Phase 1 (56%) and 600,000 t/yr from Phase 2 (28% of fully ramped production) for a 20-year term, at market prices (FOB Vancouver) on a take-or-pay basis.
ICP off-take
Under the committed off-take agreement, ICP will sell to Yara and Yara will buy from ICP 30% of all products produced by the Ochoa project annually.The term will begin upon the commencement of commercial production for a period of 15 years and will automatically extend every five years thereafter unless either party elects not to extend. All products will be sold to Yara based on market prices.