Yes, the average price received in the Dec quarter would be based on the prior September quarter. If you study the various price reporting agencies, price bottomed in August, and started to rise in Sep, and I understand our pricing is reviewed every 6 months. As per the announcement yesterday, management are not prepared to material expand from current production levels.
Though, I do note they plan to spend $21 mill to milk another 30 to 50kt out of the PLS plant, thus lifting nameplate to lets say 370kt. Production at 70kt/quarter would see 90kt available from PLS plant and 220kt from AJM plant, thus 310kt of supply available for offtake, or to supply POSCO JV.
Could PLS set up a new venture via SPAC, to build it's own chem conversion capacity, 100% control.
Qtrly Cash Flow and cost/revenue analysis, page-14
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$2.90 |
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