Yes, it was also widely anticipated that production would be down from last quarter. Matinence work has been previously flagged for expansion.
I too dont understand how others thought pricing would go up or even remain flat?
- Cash costs nearly half Minres and Allkem, they are both sitting around $1,200 to $1,300.
- Stronger pricing then Minres 8% higher (Theirs was $5,260 SC6).
- Weaker pricing than Allkem, but only by 15% odd. I have pointed out previously this is a consequnence of Allkem's lagged pricing mechanism.
- 87% cash margin when compared to Allkem at 90% despite a 50% drop in the index price.
Overall pretty much inline with that I thought. 87% cash margin when prices crash. Not bad really.
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