re: Diving deeper on Standard Lithium?

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Does anyone have any insight regarding whether the commission could do something screw SLI like landing on a 10% royalty rate? Smack, any word on the street about that? I’m sure XOM would be able to handle that, but it could squeeze out the smaller players like SLI who are more reliant on the economics to make their business viable

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XOM has offered landowners 10% or what the commission decides, whichever is higher. To my knowledge, no commissioner had seen this in writing. That's why they asked to see contracts that had been paid and not "promised". I believe they'll settle on a lower price. They are frustrated they no one will give them a price of production, but as I told 2 of them, they may not know exactly. This is not just SLI. This is XOM, SLI and Albermarle. They understand that you can't kill the development of the resource with royalties. They want SLI to succeed. We all think XOM is trying to hurt the others with their "promises". I'm thinking 6% high end. I'd be surprised at any higher and gave quite a long dissertation on why it should be lower and perhaps revisited every 5 years until the industry matures.