RE:RE:Interesting week ahead PP closed !!This is good for the overall market and we see peers flying high ( not us lol) but doesn't really affect economics of the project besides stock price appreciation which we lack anyway.
CRE will be selling spodumene and that's what we should evaluate:
The negotiated price of spodumene sales within term contracts for next quarter was mostly on either side of $1,500 per tonne, with some aggressive contract sales likely to be concluded at close to $2,000 per tonne, market sources said. This compared with contractual prices on either side of $900 per tonne in the third quarter.
Just now the prices of spodumene reached and exceeded our FS so it took the price to go 2x LCE to finally reach spodumene prices from 2017. At least CRE will benefit now from their overall project delays lol