RE:RE:RE:RE:BNN interviewCognition777 wrote: that's true... it doesn't state what price the Offtake will be priced at. I assume that if it states all other pricing, then the offtake is simply the obligation (or luxury) to sell 81% of the production to Mistui. Provides a source of copper to them, that's the benefit to them.
My point was, Stuart made it sound as though the Stream agreement is for Mistui to receive 81% of the copper at 25% of the market price.
The Offtake agreement is for 81% of the copper. The Stream agreement is for less that 3% of the copper at 25% of market up to 40M lbs total.
I am slightly concerned that the specific terms of the offtake agreement have not been explained. I would assume that it is at market and it is a "first right of refusal" type of deal. This would give Mitsui a consistent and dependable source of copper when shortages might be happening.