Sayona Mining Ltd (SYAXF)

[IAmTopG]

Just catching up on this.

This looks like a really bad deal. How could they even cap it at $900 and PLL has a min contract of 60k ton and maxed ar 50pct production capacity

https://www.sec.gov/Archives/edgar/data/1728205/000172820521000001/ex99_1.htm



Quantity
60,000 dry metric tonnes (“dmt”) per year or 50% of Seller’s production, whichever is greater

Term
Life-of-mine

Price
Market pricing (based on an average price for CIF China Price (US$) for 6.0% SC6 dry basis) with a minimum price of US$500/t and a maximum price of US$900/t on a delivered basis to the Buyer’s planned lithium hydroxide plant in North Carolina