RE:LCE Up AgainHi Blaggers,
Just read this today :
“We're expecting that lithium producers will begin to remove any, or as many as they can, fixed price contracts from their business operations, and will introduce more regular price breaks into the contracts that customers sign,” Jennings-Gray said. “And what this means is that global average pricing will really take a step up in 2022.”
Like you, I did not find the CRE contract price for hydroxide on their site or in the latest MDA (sedar)
The money figures we see are for spodumene only and looking around for actual prices I cannot see anything lower than 1500$ a ton for the chemical grade (we have only 750$ in the corporate presentation and MDA)
The september 2017 FS also only mentions prices for phase #1. Contract prices for phase #2 will be available when the engineering study made by WSP and Outotec is produced in first quarter of 2022.
So if we updated the 2017 phase #1 FS today, our NPV would double for sure even without knowing what the technical grade is worth.
Then with the phase #2 FS, I cannot see our NPV below 2 billion.