Current chemical pricing is suggesting implied SC6 price of $700/t over the next month or two.
How the directors have kept this open and trading at large cash losses this year (even for the most recent quarter when the mill was running more efficiently) and SC6 averaged above $1k/t is an interesting question.
Average SC6 prices for this quarter could very likely be ~$850/t SC6 and then discounts for grade and shipping adjustments etc likely mean a stupendous amount of cash burn for this quarter at NAL.
What do ppl think are the main reasons why NAL is still operating?
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