Rocket. Follow my logic step by step below, and then let me know if I am right or wrong.
You said E25 needs AU$6.00 FOB to break even. Hence you think production cost is AU$6.00? As per statement: costs ~$11M / 74,000 tn = AU$ 145/tn (or AU$4.40/dmtu).
So to break even we need 4.40, not 6. Do you agree?
E25 Price at posting:
$1.69 Sentiment: Buy Disclosure: Held
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