That is correct. Silicon will always going to impact the price you get (i.e. discounted to market) plus high temperature is another reason it will go on discounted.
The price that Coxos shows isn't the price what MMI get but it is the website used multiple time to manipulate new comers either intentionally or unintentionally ! As there are dumb investor who don't know MMI's silica content or the website MMI used in past (I am not sure if they still use this) for Bauxite index.
This is the website to check prices : This was used in MMI presentation in past.
https://thebauxiteindex.com/
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Mkt cap ! $238.2M |
Open | High | Low | Value | Volume |
4.1¢ | 4.2¢ | 4.0¢ | $170.8K | 4.187M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 883205 | 4.0¢ |
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Price($) | Vol. | No. |
---|---|---|
4.2¢ | 1670033 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500000 | 0.040 |
3 | 420000 | 0.039 |
4 | 2202946 | 0.038 |
7 | 2833172 | 0.037 |
2 | 1400000 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 1670033 | 2 |
0.043 | 773229 | 3 |
0.044 | 1875972 | 3 |
0.045 | 1122421 | 7 |
0.046 | 1690523 | 5 |
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