Exactly,
PAN's base case was US$16,055/t they are still feasible and profitable at this price.
Pullback to above US$30,000/t is not what I would consider a bad thing - roughly double base care
The market movement is collateral effect from non-cashflow, non-essential, hyper valued stocks that are in capitulation.
PAN is as prepared for increase inflation macro environment.
Chart thread, page-238
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