This should give some stability to SP because it indicates that a CR will not be neccessary. (cafa & warnie please take note)
These drip feed announcements are designed to settle the market.
If only Phase 1 is working to capacity and all 11K tons of product is sold,
$287.7 mil revenue means $26.15/kg. This is $2/Kg less than expected
but much better than the prophets of doom speculation.
IMO, this forecast by the company , while not qualified (no volume stated)
puts a floor under the next 12 months likely performance and progressive
anns re contracts in the interim will likely improve on this.
Cheers
Moorookamick
PS: The estimated $284 mil costs etc seem large and may include a debt pay down. MM.
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