“Doesn’t look like their average realised price was that great for the reported period although they appear to be guiding significantly higher for the next quarter.”
yeah they were selling acc to contract at usd1,250 at the time they’re auctioning some at usd2,400 for Feb delivery. Must be a very bad contract or low grade. Converters have them by the neck. Converters have spod cost of usd$10k for 8 tonnes which they then convert to a tonne of concentrate and sell at usd60k
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