S
O4 has signed three binding term sheets with three fertiliser distributors for a total of 170ktpa of SOP from the Lake Way project. These distributors are geographically spread over the globe providing SO4 a diversified market for its products. Each of the three distributors is interested in the highly soluble nature of SO4’s SOP which makes it ideal for fertigation. SO4 is in talks with a Tier 1 fertiliser group for a further offtake agreement for SOP from the Lake Way project. We maintain our BUY recommendation and price target of $1.71 p/s.
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